Villa on the Lake Apartments, an affordable housing community consisting of one bedroom apartments for those 62 years of age or older, disabled regardless of age. Complex amenities include an onsite manager and maintenance technician, parking, front porches and community building with office, laundry and community room and patio. Accessible apartments available. Water, sewer and trash paid.
|1 Bedroom (1/1)||-||From $455|
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.
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 Huron but actual income limits may differ for units at Villa on the Lake Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$24,500||$28,000||$31,500||$35,000||$37,800||$40,600||$43,400||$46,200|
|Low Income (60%)||$29,400||$33,600||$37,800||$42,000||$45,360||$48,720||$52,080||$55,440|
Villa on the Lake Apartments is managed by Premier Management LLC.