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Riverside Apartments

550 Riverside Dr, Dowagiac, Michigan 49047

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Call (269) 782-5270

Riverside Apartments is managed by Red Oak Management.

Riverside Apartments offer affordable rent on the edge of the town Dowagiac with easy access to M-51. Kitchens come fully equipped with a range, refrigerator, new vinyl and freshly painted walls. Water and trash removal are included in the rent. 2 Bedroom apartments have great walk-in closets and all units offer plenty of storage with extra locked containers. Each apartment home features a sliding door with a private deck or patio. They offer large private parking area that is paved and well lit. Spacious laundry rooms are available in each hall.

Air conditioning in each unit, Cable ready, High speed internet available, Playground on site. Individual furnaces and water heaters. 24 hr maintenance, Snow and trash removal, Lawn care and water needs are all included in rent.

 

Waiting List is Open Now

The Riverside Apartments waiting list is currently opened until further notice. 

Last updated on May 21st, 2019

Eligibility for Riverside Apartments

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 Dowagiac but actual income limits may differ for units at Riverside Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $27,750 $31,700 $35,650 $39,600 $42,800 $45,950 $49,150 $52,300
Low Income (60%) $33,300 $38,040 $42,780 $47,520 $51,360 $55,140 $58,980 $62,760

Riverside Apartments Details

  • 32 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Playground
  • Snow Removal
  • Lawn Care
  • Laundry Facilities
  • 24 Hour Maintenance
  • Private member parking

Unit Amenities

  • Air Conditioning
  • Spacious Closets
  • Patio Deck Or Balcony
  • Trash Included
  • Water Included
  • Cable & Internet Ready

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Close to Entertainment
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 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Images of Riverside Apartments
Image of Riverside Apartments