Maple Hill Apartments 527

209 Pearl St, Cadillac, Michigan 49601

Located in Cadillac, MI, this apartment complex offer one, two and three bedroom apartments.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 627 Call for Price
Two Bedroom (2/1) 765 Call for Price
Three Bedroom (3/1.5) 869 Call for Price

Maple Hill Apartments 527 Details

  • 24 one, two and three bedroom units.
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Cadillac HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cadillac but actual income limits may differ for units at Maple Hill Apartments 527.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,550 $17,420 $21,960 $26,500 $31,040 $35,580 $40,000 $42,600
50% $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% $36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150

Maple Hill Apartments 527 is managed by Woda Cooper Companies, Inc..

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