WELCOME TO PALMER POINTE TOWNHOMES
Newly constructed, gorgeous two and three bedroom, two and a half bathroom townhomes in a prime location.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/2.5) | 1411 | Call for Price |
3 Bedroom (3/2.5) | 1411 | Call for Price |
Their waiting list is currently closed. Please check back periodically for updates on the waiting list.
Last updated on October 13th, 2021Generally, 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 Pontiac but actual income limits may differ for units at Palmer Pointe Townhomes.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $33,150 | $37,900 | $42,650 | $47,350 | $51,150 | $54,950 |
Low Income (60%) | $39,780 | $45,480 | $51,180 | $56,820 | $61,380 | $65,940 |
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.