26 Cherry Street Apartments

26 Cherry St SW, Grand Rapids, MI 49503

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -

Waitlist Forecast

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.

A truly unique, modern apartment development located in the revitalized historic Heartside neighborhood of Grand Rapids, 26 Cherry Street apartment homes set the standard for downtown living. With sleek, modern finishes, each one and two bedroom apartment is distinctive and dynamic. 26 Cherry Street is the key to your new life in downtown Grand Rapids!

Each unit also features designer kitchens with stainless steel appliances, white kitchen cabinets, light granite countertops, stacked tiled backsplash, porcelain tiled flooring and dark stained bamboo hardwood floors throughout the unit. Enjoy large windows and exposed 9 foot ceilings that provide an open atmosphere and breath taking urban views of the city.

Dave's Thoughts On 26 Cherry Street 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 26 Cherry Street 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

26 Cherry Street Apartments Amenities

  • Elevator
  • Window Coverings
  • Laundry Facilities
  • High Speed Internet Access
  • Individual heating and cooling systems

Units at 26 Cherry Street Apartments

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

Income Qualification for 26 Cherry Street Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $33,150 / year $37,900 / year $42,650 / year $47,350 / year
50% AMI for PBRA Units $33,150 / year $37,900 / year $42,650 / year $47,350 / year
60% AMI for LIHTC Units $39,780 / year $45,480 / year $51,180 / year $56,820 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for 26 Cherry Street Apartments

Does 26 Cherry Street Apartments have a waiting list?

26 Cherry Street 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 26 Cherry Street 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.

In addition to 26 Cherry Street Apartments, how many other affordable housing properties (and units) are there in Grand Rapids?

In addition to 26 Cherry Street Apartments, we list 95 other affordable properties in Grand Rapids. Learn about these properties here. Our data research shows that there are a total of 5694 affordable units in Grand Rapids.

When was the 26 Cherry Street Apartments listing last updated?

26 Cherry Street Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.

Listings Near 26 Cherry Street Apartments

Cambridge Square of Grand Rapids

1836 Mason St NE, Grand Rapids, Michigan 49505

Grandview Apartments

1925 Bridge St NW, Grand Rapids, Michigan 49504

Plymouth Arms

1836 Mason Street, Grand Rapids, Michigan 49505

Allen Manor Senior Housing

532 James Ave SE, Grand Rapids, Michigan 49503

Suroeste Brillante (Bright Southwest)

347 Franklin St. SW, Grand Rapids, Michigan 49503

Harrison Park Apartments

1400 Alpine Ave , Grand Rapids, Michigan 49504

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.