5639 S Martin Luther King Jr Blvd, Lansing, MI 48911
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $799 - 956 per Month† | 1 - 3 Beds | 1 - 2 Baths | 1,052 - 1,586 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.
Welcome to Silver Stone Townhomes! Enjoy city living and the comfort of their award-winning floor plans in this community.
Their spacious 1, 2, and 3 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance-free living, theirr community has the amenities you want and deserve. All of their townhomes have finished basements (carpeted and dry walled) - great for bonus room, family room, game room, crafts, etc. For your pleasure, their community features, friendly, helpful and courteous staff as well as 24-hour on call maintenance: “Making you feel at home is our business.”
Enjoy the benefits of community living with the added perks of living minutes away from beautiful downtown Lansing. Silver Stone Townhomes is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from I-96, I-69, and US 27, making any commute quick and convenient.
Call them today to make an appointment to see for yourself why Silver Stone Townhomes should be your new home. They look forward to hearing from you!
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 Silver Stone Townhomes 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. 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. 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 |
|---|---|---|
| 1 Bedroom (1/1) | 1052ft2 | $799† |
| 2 Bedroom (2/2) | 1360ft2 | $956† |
| 3 Bedroom (3/2) | 1586ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,800 / year | $37,500 / year | $42,200 / year | $46,850 / year | $50,600 / year | $54,350 / year |
| 50% AMI for PBRA Units | $32,800 / year | $37,500 / year | $42,200 / year | $46,850 / year | $50,600 / year | $54,350 / year |
| 60% AMI for LIHTC Units | $39,360 / year | $45,000 / year | $50,640 / year | $56,220 / year | $60,720 / year | $65,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Silver Stone Townhomes have a waiting list?
Silver Stone Townhomes 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 Silver Stone Townhomes?
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 Silver Stone Townhomes, how many other affordable housing properties (and units) are there in Lansing?
In addition to Silver Stone Townhomes, we list 96 other affordable properties in Lansing. Learn about these properties here. Our data research shows that there are a total of 5107 affordable units in Lansing.
When was the Silver Stone Townhomes listing last updated?
Silver Stone Townhomes listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Theodore Taylor Jr. says:
"Affordable Housing Online is the on website that really helps you get affordable housing."