Four Flags Plaza Apartments

17 N 7th Street, Niles, Michigan 49120

Contact Four Flags Plaza Apartments

Four Flags Plaza is specifically designed for those 62 years of age or older, or those with a mobility impairment. They are conveniently located beside the Post Office and across from the Niles Distric Library. They are close to down town near Health Care Services, shopping, banking, and dining. Public Transportation Available. They offer 24 hour emergency maintenance, Free HEAT, water/sewer and trash removal. Barrier-Free units may be available. Join in their monthly resident activities like our birthday party, pot luck dinners, bingo, and so much more. Rent based upon income. Current rates are based on income. Please call for more details.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	601	Call for Price

Eligibility for Four Flags Plaza Apartments

Four Flags Plaza Apartments Details

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

Property Amenities

Elevator

Unit Amenities

Air Conditioning
Garbage Disposal
Oven and Range
Water Included
Gas 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 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.