Parkridge Homes

831 HILYARD ROBINSON WAY, Ypsilanti, Michigan 48197

Construction is complete for New Parkridge, a full demolition and replacement of eighty units (80) of public housing with eighty-six (86) units of new duplexes, townhouses and two multi-unit apartment buildings. The development provides a mix of one-bedroom (14), two-bedroom (41) and three-bedroom (31) units.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Parkridge Homes Details

  • 198 one, two and three bedroom units.
  • Public Housing
  • Low-Income Housing Tax Credit (LIHTC)

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

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.

Ypsilanti 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 Ypsilanti but actual income limits may differ for units at Parkridge Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $24,750 $28,300 $31,850 $35,350 $38,200 $41,050 $43,850 $46,700
50% $41,250 $47,150 $53,050 $58,900 $63,650 $68,350 $73,050 $77,750
80% $62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050

Parkridge Homes is managed by Ypsilanti Housing Commission.

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