Houghton Creek Apartments

519 E Main St, Rose City, Michigan 48654

Houghton Creek of Rose City, MI is a senior/disabled community offering 1 & 2 bedroom apartment homes. Houghton Creek comes furnished with a stove, frost-free fridge, garbage disposal, and wall unit air conditioners. Coin operated laundry facilities and community room are located on site. Property is located in a country setting, but within walking distance of the downtown area. Other city amenities are available such as Meals on Wheels and City Transportation.

Units

Unit (Bd/Ba)	Ft2	Rent
1 Bedroom (1/1)	625	Call for Price

Houghton Creek Apartments Details

• 16 1 bedroom units.
• Water and Sewer utilities included in rent
• Section 515 Rural Rental Housing
• Low-Income Housing Tax Credit (LIHTC)
• Section 521 USDA Rental Assistance

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.

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 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.

Houghton Creek Apartments is managed by GLD Management Company.

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