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Walnut Junction Apartments

502 Drake St, Jonesville, Michigan 49250

Walnut Junction Apartment Homes offer Affordable Rent in a great location near Walmart and Martinrea. Their setting is a secluded cul-de-sac on the edge of town where visits from deer is a common occurrence. However, they are very close to schools and shopping. All Walnut Junction Apartments come with a stove and refrigerator. Heat ,Water and Trash removal are also included in the rent. They feature private balconies or patios and a large, well-lit, private parking area. Spacious laundry facilities are located in every building. They also do all the upkeep, lawn care, plowing and snow shoveling. 
 

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Waiting List is Open Now

The Walnut Junction Apartments waiting list is currently open until further notice 

Last updated on May 21st, 2019

Walnut Junction Apartments Details

  • 24 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • On-Site Parking
  • Snow Removal
  • Lawn Care
  • Convenient Location
  • Heat Included
  • On-site Laundry

Unit Amenities

  • Patio, Deck Or Balcony
  • Refrigerator
  • Trash Included
  • Water Included
  • Stove

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Jonesville 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 Jonesville but actual income limits may differ for units at Walnut Junction Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
Low Income (60%) $27,120 $30,960 $34,860 $38,700 $41,820 $44,940 $48,000 $51,120

Walnut Junction Apartments is managed by Red Oak Management.

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