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South Pointe I, II, III

5365 S Straits , Indian River, Michigan 49749

South Pointe Apartments is located at 5365 S. Strait Highway in Indian River, just 2 miles from downtown Indian River.  South Pointe is a very family friendly property, all ages are welcome to live here.  Residents are friendly, watch out for each other, and work together to make South Pointe a nice, safe place to live.  South Pointe has onsite management and maintenance staff which are very personable and respectful to their residents with a positive attitude towards the community of South Pointe Apartments.  This property is subsidized for very low to moderate income households.  Rent is based on 30% of the adjusted gross income, with sensitivity towards medical expenses to help reduce rent payments for those who qualify. Deductions are made for dependent, elderly, or disabled status.  Barrier Free units available. This institution is an equal opportunity provider. 

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 662 Income Based
2 Bedroom (2/1) 777 Income Based

Eligibility for South Pointe I, II, III

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 Indian River but actual income limits may differ for units at South Pointe I, II, III.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $26,500 $30,300 $34,100 $37,850
Low Income (60%) $31,800 $36,360 $40,920 $45,420

South Pointe I, II, III Details

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

Property Amenities

  • Playground
  • On-Site Manager
  • Laundry Facilities
  • 24 Hour Maintenance
  • Picnic Area

Unit Amenities

  • Garbage Disposal
  • Sewer Included
  • Trash Included
  • Water Included

Nearby Amenities

  • Close to Public Transportation
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.