Restoration Towers

16651 Lahser Rd, Detroit, Michigan 48219

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Message Restoration Towers

Restoration Towers is managed by Paragon Management.

Step into a community for active senior adults who meet HUD low income qualifications and are 62 years of age or older or are physically challenged. Their Mission is to provide a  worry - free community that supports and fosters each residents' valued independence.  They understand that needs may vary, so they offer a wide range of services with you in mind.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 650 Call for Price

Eligibility for Restoration Towers

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 Detroit but actual income limits may differ for units at Restoration Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,900 $22,750 $25,600 $30,000 $35,140 $40,280 $45,420 $50,560
50% $33,150 $37,900 $42,650 $47,350 $51,150 $54,950 $58,750 $62,550
80% $53,050 $60,600 $68,200 $75,750 $81,850 $87,900 $93,950 $100,000

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 Detroit but actual income limits may differ for units at Restoration Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,150 $37,900 $42,650 $47,350 $51,150 $54,950 $58,750 $62,550

Restoration Towers Details

  • 148 one bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)

Property Amenities

  • Elevator
  • Business Center
  • On-Site Manager
  • Laundry Facilities
  • Smoke Free
  • High Speed Internet Access

Unit Amenities

  • Microwave
  • Refrigerator
Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.

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