Charters Cove

280 Ferry Ln, Saint Ignace, Michigan 49781

Contact Charters Cove

Charters Cove serves residents 62 and older, handicapped/ disabled and offers 1-bedroom apartments at a convenient location in St. Ignace, Michigan. The spacious apartments include energy efficient electric appliances, washer/dryer hookups, and extra storage. This community features a laundry facility, clubhouse, and more. Charters Cove is 5-minutes from Lake Huron, 5-minutes from shopping and dining, and is near Straits State Park.

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

Eligibility for Charters Cove

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 Saint Ignace but actual income limits may differ for units at Charters Cove.

AMI Band	1 Person	2 Person
30%	$15,900	$19,720
50%	$26,500	$30,300
80%	$42,400	$48,450

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 Saint Ignace but actual income limits may differ for units at Charters Cove.

AMI Band	1 Person	2 Person
Very Low Income (50%)	$26,500	$30,300
Low Income (60%)	$31,800	$36,360

Charters Cove Details

24 one bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Controlled Access
On-Site Manager
Off-Street Parking
Gated Community
Bicycle Storage
On-Site Maintenance
Laundry Facilities
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Cable Ready
Window Coverings
Carpet
Refrigerator
Balconies or Patios Available
Electric Range
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	8:00am-4:30pm
Tuesday	8:00am-4:30pm
Wednesday	8:00am-4:30pm
Thursday	8:00am-4:30pm
Friday	8:00am-4:30pm

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 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.

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.

Images of Charters Cove

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