The Lofts at Milnes Plaza

20 Hanchett St, Coldwater, Michigan 49036

The Lofts at Milnes Plaza is a newly constructed 50-unit, multifamily mid-rise community situated on approximately 1.5 acres in central downtown Coldwater, Branch County, Michigan. The building houses an assortment of one-, two- and three-bedroom apartments within walking distance of the library, public parks and restaurants to name a few. Residents will enjoy off-street parking, bike storage and a children’s play area. Additional amenities include a community room, resident storage, and on-site management and maintenance. Apartments are equipped with high-efficiency electric furnaces, central air conditioning, electric hot water tank, in-unit washer/dryer hook up, dishwasher, and microwave. White trim and gray cabinetry compliment the luxury vinyl plank flooring and carpeting. This smoke-free community will open in the fall of 2020!

Additional Information

Income restrictions apply. The owner/ agent does not discriminate on the basis of disability status in the admission or access to, or treatment or employment in, its federally assisted program and activities.

Eligibility for The Lofts at Milnes Plaza

The Lofts at Milnes Plaza Details

42 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 811 PRA

Property Amenities

Playground
Community Room
On-Site Manager
24hr Emergency Maintenance
Off-Street Parking
Bicycle Storage
On-Site Maintenance

Unit Amenities

Air Conditioning
Dishwasher
Microwave
Hardwood Floors
Storage
Washer and Dryer Included
Wall-to-Wall Carpeting

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 811 PRA

Some of the units at this property have received funding through HUD's Section 811 Project Rental Assistance (PRA) Program. For these PRA funded units, tenants must be extremely low-income (at or below 30% of Area Median Income) and at least one adult member of the household must have a disability. The person with the disability must be eligible for community-based, long-term services as provided under the state’s plan for medical assistance under Title XIX of the Social Security Act (Medicaid), state funded services or other appropriate services defined in the written partnership agreement.