Coloney Apartments
311 Clark St, Lakeview, Michigan 48850
Contact Coloney Apartments
Coloney Apartments is managed by Red Oak Management.
Coloney Apartments Homes offer affordable rent with tons of closet space in a beautiful town! Heat, Water, Trash Removal, Lawn Care, Snow Removal, Maintenance, etc., are all included in the rent! There are convenient laundry facilities in each building. Each apartment has sliding glass doors with access to its own deck/patio. Colonet Apartments has a large private parking area that is paved and well lit. The Site Manager for Coloney Apartments lives locally, is on site frequently and keeps regular office hours.
Waiting List is Open Now
The Coloney Apartments waiting list is currently open until further notice.
Last updated on May 20th, 2019Eligibility for Coloney 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 Lakeview but actual income limits may differ for units at Coloney Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $43,950 | $46,950 | $50,000 |
| Low Income (60%) | $31,800 | $36,360 | $40,920 | $45,420 | $49,080 | $52,740 | $56,340 | $60,000 |
Coloney Apartments Details
- 24 bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 521 USDA Rental Assistance
- Section 515 Rural Rental Housing
Property Amenities
- On-Site Parking
- Snow Removal
- On-Site Maintenance
- Lawn Care
- Heat Included
- On-Site Laundry
Unit Amenities
- Spacious Closets
- Patio Deck Or Balcony
- Trash Included
- Water Included
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 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.
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.
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