River Towers is managed by The Associated Management Company.
River Towers is a stately waterfront apartment community designed specifically for seniors age 62 and over.
This fifteen story high-rise overlooks the Detroit River, has stunning views and is minutes from Belle Isle, Hart Plaza and Chene Park. Complete medical centers, shopping centers and major freeways are also only moments away.
$400 Security Deposit required
Discover River Towers where the flexibility of convenient apartment home living allows you to make the most of each day.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 544 | $599 |
2 Bedroom (2/1) | 702 | $722 |
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 River Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $19,900 | $22,750 | $25,600 | $30,000 |
50% | $33,150 | $37,900 | $42,650 | $47,350 |
80% | $53,050 | $60,600 | $68,200 | $75,750 |
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 River Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $33,150 | $37,900 | $42,650 | $47,350 |
Low Income (60%) | $39,780 | $45,480 | $51,180 | $56,820 |
Day | Hours |
---|---|
Monday | 10:00am-6:00pm |
Tuesday | 10:00am-6:00pm |
Wednesday | 10:00am-6:00pm |
Thursday | 10:00am-6:00pm |
Friday | 10:00am-6:00pm |
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.
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.