1440 Pear St, Ann Arbor, MI 48105
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Because Pear Street participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $26,050 / year | $29,800 / year | $33,500 / year | $37,200 / year | $40,200 / year | $43,200 / year | $46,150 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $43,400 / year | $49,600 / year | $55,800 / year | $62,000 / year | $67,000 / year | $71,950 / year | $76,900 / year | $81,850 / year |
| 50% AMI for PBRA Units | $43,400 / year | $49,600 / year | $55,800 / year | $62,000 / year | $67,000 / year | $71,950 / year | $76,900 / year | $81,850 / year |
| 60% AMI for LIHTC Units | $52,080 / year | $59,520 / year | $66,960 / year | $74,400 / year | $80,400 / year | $86,340 / year | $92,280 / year | $98,220 / year |
| 80% AMI for PBRA Units | $66,300 / year | $75,750 / year | $85,200 / year | $94,650 / year | $102,250 / year | $109,800 / year | $117,400 / year | $124,950 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Pear Street have a waiting list?
Pear Street probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Pear Street?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to Pear Street, how many other affordable housing properties (and units) are there in Ann Arbor?
In addition to Pear Street, we list 24 other affordable properties in Ann Arbor. Learn about these properties here. Our data research shows that there are a total of 2107 affordable units in Ann Arbor.
When was the Pear Street listing last updated?
Pear Street listing on Affordable Housing Online was last updated on 01/03/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."