80 East Hancock Street, Detroit, MI 48201
Waiting List Forecast: Likely Short or None
Verified for 2022 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | 341 - 476 Sq Ft |
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.
The Cathedral Tower Apartments recalls the timeless memories of the rich history of downtown Detroit. This stately high rise apartment building, offers some spectacular views of the city skyline and has been the gateway between Wayne State University and the Detroit Medical Center for many a decade. Their professional on-site management team will provide you with unparalleled commitment to excellence in your new home. They welcome you to enjoy the comfort and convenience of the Midtown experience at Cathedral Tower Apartments.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Cathedral Tower Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| The Hancock (Studio) (Studio/1) | 341ft2 | Call for Price† |
| The Warren (Studio) (Studio/1) | 363ft2 | Call for Price† |
| The Woodward (1/1) | 476ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,150 / year | $37,900 / year | $42,650 / year | $47,350 / year | $51,150 / year | $54,950 / year | $58,750 / year | $62,550 / year |
| 50% AMI for PBRA Units | $33,150 / year | $37,900 / year | $42,650 / year | $47,350 / year | $51,150 / year | $54,950 / year | $58,750 / year | $62,550 / year |
| 60% AMI for LIHTC Units | $39,780 / year | $45,480 / year | $51,180 / year | $56,820 / year | $61,380 / year | $65,940 / year | $70,500 / year | $75,060 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cathedral Tower Apartments have a waiting list?
Cathedral Tower Apartments 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 Cathedral Tower Apartments?
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.
What property management company manges Cathedral Tower Apartments?
Cathedral Tower Apartments is managed by KMG Prestige headquartered in Lansing, Michigan.
In addition to Cathedral Tower Apartments, how many other affordable housing properties (and units) are there in Detroit?
In addition to Cathedral Tower Apartments, we list 423 other affordable properties in Detroit. Learn about these properties here. Our data research shows that there are a total of 25094 affordable units in Detroit.
3701 15th Street, Detroit, Michigan 48208
5561 John C Lodge Fwy, Detroit, Michigan 48202
2700 S Annabelle St, Detroit, Michigan 48217
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Steve Rubin says:
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