Edge of the Woods Apartments

301 W 24th Ave, Sault Ste. Marie, Michigan 49783

Edge of the Woods Apartments Details

  • 80 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Sault Ste. Marie HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Sault Ste. Marie but actual income limits may differ for units at Edge of the Woods Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,050 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% $25,050 $28,600 $32,200 $35,750 $38,650 $41,500 $44,350 $47,200
80% $40,050 $45,800 $51,500 $57,200 $61,800 $66,400 $70,950 $75,550

Sault Ste. Marie 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 Sault Ste. Marie but actual income limits may differ for units at Edge of the Woods Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,050 $28,600 $32,200 $35,750 $38,650 $41,500 $44,350 $47,200
Low Income (60%) $30,060 $34,320 $38,640 $42,900 $46,380 $49,800 $53,220 $56,640

Edge of the Woods Apartments is managed by Independent Management Services.

Image of Edge of the Woods Apartments

Nearby Low Income Apartment Communities

Wood Creek Apartments

1708 Meridian St
Sault Ste. Marie, Michigan
Call For Rent
1-2 BR

Park Place City Center

416 Ashmun St
Sault Ste. Marie, Michigan
Call For Rent
1-3 BR

West Bridge Apartments

633 W Portage Ave
Sault Ste. Marie, Michigan