120 Michigan Ave, Owosso, MI 48867
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $792 - 946 per Month† | 1 - 2 Beds | 1 Bath | - |
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.
Celebrate Owosso’s rich history while enjoying some of the most unique and modern amenities available today at Lincoln House! Lincoln House has breathed new life into the old Lincoln School with 1 and 2-bedroom apartments that include air conditioner, ceiling fans, energy efficient electric appliances, and more. This newly constructed historic restoration is tobacco-free, and offers picnic tables, a community room, and an elevator, while also keeping the charm and warmth of built in storage and original flooring. This community is conveniently located 1 minute from Wrought Iron Grill, Curwood Castle Park, and YMCA, and 5 minutes from Kroger, Owosso East Plaza, and Walmart.
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 Lincoln House 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 |
|---|---|---|
| One Bedroom (1/1) | 630-935ft2 | $792† |
| Two Bedroom (2/1) | 800-975ft2 | $946† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,950 / year | $31,950 / year | $35,950 / year | $39,900 / year |
| 50% AMI for PBRA Units | $27,950 / year | $31,950 / year | $35,950 / year | $39,900 / year |
| 60% AMI for LIHTC Units | $33,540 / year | $38,340 / year | $43,140 / year | $47,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lincoln House have a waiting list?
Lincoln House 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 Lincoln House?
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 Lincoln House?
Lincoln House is managed by Woda Cooper Companies, Inc. headquartered in Columbus, OH.
In addition to Lincoln House, how many other affordable housing properties (and units) are there in Owosso?
In addition to Lincoln House, we list 8 other affordable properties in Owosso. Learn about these properties here. Our data research shows that there are a total of 476 affordable units in Owosso.
When was the Lincoln House listing last updated?
Lincoln House listing on Affordable Housing Online was last updated on 01/04/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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