Lloyds Bayou is managed by American House Senior Living Communities.
Renovated in 2015, Lloyd’s Bayou is located in beautiful Spring Lake, Michigan, nestled in a picturesque, wooded landscape. Whether you crave relaxation and serenity, or watching a movie with friends, Lloyd’s Bayou offers all the comforts of home.You can choose from 1 and 2 bedroom apartment homes, providing the privacy and independence you want, with the level of care you may need in the future.
Small pets welcome. Restrictions apply.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 670 | Call for Price |
2 Bedroom (2/1) | 815 | Call for Price |
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 Spring Lake but actual income limits may differ for units at Lloyds Bayou.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $34,900 | $39,850 | $44,850 | $49,800 |
Low Income (60%) | $41,880 | $47,820 | $53,820 | $59,760 |
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.