Heritage Place at Magnolia for Seniors

3701 15th Street, Detroit, Michigan 48208

Heritage Place at Magnolia is a senior community dedicated to providing desirable amenities, convenience, and worry free living. These luxury apartments are for residents over the age of 62. Heritage Place at Magnolia features spacious apartment living with balconies, patios, central air, trash chutes, a community center and more. 

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 612 Call for Price
2 Bedroom (2/1) 849 Call for Price

Heritage Place at Magnolia for Seniors Details

  • 88 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Library
  • Laundry Room
  • 24hr Emergency Maintenance
  • Gazebo
  • Courtyard

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Downtown District
  • Close to Shopping

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.

Detroit Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Detroit but actual income limits may differ for units at Heritage Place at Magnolia for Seniors.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
Low Income (60%) $33,600 $38,400 $43,200 $48,000 $51,840 $55,680 $59,520 $63,360

Heritage Place at Magnolia for Seniors is managed by The Michaels Organization.

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Image of Heritage Place at Magnolia for Seniors
Image of Heritage Place at Magnolia for Seniors

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