751 Valley View Drive, Ionia, MI 48846
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $657 per Month† | 1 Bed | 1 Bath | 653 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.
Valley View III offers a lifestyle of convenience and security of independent living facility for the young at heart. Our affordable rental rates are perfect for those on a fixed income. Valley View III eases the burden of costly utility bills and chores that seniors may have if they owned their own home. Our one and two bedroom apartments are equipped with pull cords and grab bars for peace of mind and to give you the tools you need to stay as independent as long as possible. Our on site specialists are ready to attend to any of your maintenance needs, freeing up your time to join in on our laughs, group activities, potlucks and more. On the first Thursday and last Tuesday of every month our Bingo wings are proudly waving. We are close to downtown Ionia for easy access to all the small town festivals, happenings and restaurants that you have grown to love and we are only 45 minutes away from those bigger cities such as Grand Rapids and Lansing if the need for adventure should ever arise.
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 Valley View III 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 |
|---|---|---|
| One Bedroom (1/1) | 653ft2 | $657† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year | $41,800 / year | $44,900 / year | $48,000 / year | $51,100 / year |
| 50% AMI for PBRA Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year | $41,800 / year | $44,900 / year | $48,000 / year | $51,100 / year |
| 60% AMI for LIHTC Units | $32,520 / year | $37,200 / year | $41,820 / year | $46,440 / year | $50,160 / year | $53,880 / year | $57,600 / year | $61,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Valley View III have a waiting list?
Valley View III 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 Valley View III?
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 Valley View III?
Valley View III is managed by KMG Prestige headquartered in Lansing, Michigan.
In addition to Valley View III, how many other affordable housing properties (and units) are there in Ionia?
In addition to Valley View III, we list 9 other affordable properties in Ionia. Learn about these properties here. Our data research shows that there are a total of 416 affordable units in Ionia.
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