AffordableHousingOnline

Walden Lakes Apartments

2000 Elmhurst Cir, Orion, Michigan 48359

alex@lrmanagement.com 2/16/17:

https://affordablehousingonline.com/housing-search/Michigan/Orion/Walden-Lakes-Apartments/10031030
 
Waldon Lakes is not affordable/low-income housing. Please remove us from your website.
 
Alex Maki
Asst. Community Director & Digital Media Producer
 
Waldon Lakes Apartments
2000 Elmhurst Circle | Orion, MI 48359
(248) 391-5500 | WaldonLakes@LRManagement.com
 
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Eligibility for Walden Lakes 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 Orion but actual income limits may differ for units at Walden Lakes Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,150 $37,900 $42,650 $47,350 $51,150 $54,950 $58,750 $62,550
Low Income (60%) $39,780 $45,480 $51,180 $56,820 $61,380 $65,940 $70,500 $75,060

Walden Lakes Apartments Details

  • 200 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
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.