Diamond Place

1003 Michigan Street NE, Grand Rapids, MI 49503

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
$999 - 1,600 per Month 1 - 2 Beds 1 - 2 Baths 640 - 900 Sq Ft

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.

This housing opportunity is currently under construction.

Dave's Thoughts On Diamond Place

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 Diamond Place 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Diamond Place Amenities

  • Fitness Center
  • Dishwasher
  • Garbage Disposal

Units at Diamond Place

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 640ft2 $999 $1,250
Two Bedroom (2/2) 900ft2 $1,600

Income Qualification for Diamond Place

*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 Diamond Place

Does Diamond Place have a waiting list?

Diamond Place 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 Diamond Place?

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 Diamond Place, how many other affordable housing properties (and units) are there in Grand Rapids?

In addition to Diamond Place, 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 Diamond Place listing last updated?

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

Listings Near Diamond Place

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Grandview Apartments

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Plymouth Arms

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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.