Kona Villa

1299 S Shiawassee St , Owosso, Michigan 48867

Contact Kona Villa

Welcome to Kona Villa, an apartment community for families and those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Kona Villa!

Our spacious 1, 2 and 3 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features on-site laundry facilities, community room, beautiful outside seating areas, picnic areas along with spacious parking lots.

Kona Villa is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from downtown Owosso, Wal-Mart, Miejer's and many local restaurants and banks.

Call us today to make an appointment to see for yourself why Kona Villa should be your new home. We look forward to hearing from you!

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom - Elderly (1/1)	597	Income Based
1 Bedroom - Family (1/1)	731	Income Based
2 Bedroom - Family (2/1.5)	800	Income Based
2 Bedroom - Elderly (2/1)	925	Income Based
3 Bedroom - Family (3/1.5)	1001	Income Based

Eligibility for Kona Villa

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Owosso but actual income limits may differ for units at Kona Villa.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$16,800	$19,720	$24,860	$30,000	$35,140	$40,280
50%	$27,950	$31,950	$35,950	$39,900	$43,100	$46,300
80%	$44,700	$51,100	$57,500	$63,850	$69,000	$74,100

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 Owosso but actual income limits may differ for units at Kona Villa.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$27,950	$31,950	$35,950	$39,900	$43,100	$46,300
Low Income (60%)	$33,540	$38,340	$43,140	$47,880	$51,720	$55,560

Kona Villa Details

120 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Community Room
Gazebo
Monthly Planned Activities
On-Site Laundry

Unit Amenities

Central Air
Garbage Disposal
Cable Ready
Spacious floor plans
Private Patio and Balcony
Frost-Free Refrigerator

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.