Boardman Lake Apartments
2790 Boardman Lake Dr, Traverse City, Michigan 49684
Contact Boardman Lake Apartments
Boardman Lake Apartments is managed by TM Associates Management, Inc.
Boardman Lake is a friendly community that offers something for everyone to live an active and social life with a playground, clubhouse, and more. The 1 and 2-bedroom apartments and 3- and 4-bedroom townhomes feature energy efficient electric appliances, and extra storage. The townhomes include in-unit washers and dryers, and on-site laundry facilities are available for the apartments. This community is conveniently located 1 minute from the bus stop at Albany St and Fire Barn, and Grand Traverse Memorial Gardens, 3 minutes from Target and Walmart, and 7 minutes from Cherryland Center, Olive Garden, Red Lobster, Outback Steakhouse, Great Wolfe Lodge, and Traverse City West Middle School.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price |
| Two Bedroom (2/1) | - | Call for Price |
| Three Bedroom (3/1.5) | - | Call for Price |
| Four Bedroom (4/2) | - | Call for Price |
Eligibility for Boardman Lake Apartments
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 Traverse City but actual income limits may differ for units at Boardman Lake Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $18,900 | $21,600 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 | $55,750 | $59,350 |
| 80% | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 | $89,200 | $94,950 |
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 Traverse City but actual income limits may differ for units at Boardman Lake Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 | $55,750 | $59,350 |
| Low Income (60%) | $37,800 | $43,200 | $48,600 | $53,940 | $58,260 | $62,580 | $66,900 | $71,220 |
Boardman Lake Apartments Details
- 112 one, two, three and four bedroom units.
- Section 515 Rural Rental Housing
- Low-Income Housing Tax Credit (LIHTC)
- Section 521 USDA Rental Assistance
- Section 538 Guaranteed Rural Rental Housing
Property Amenities
- Playground
- Basketball Court
- Clubhouse
- Bicycle Storage
- Laundry Facilities
- Wheel Chair Accessible
Unit Amenities
- Air Conditioning
- Ceiling Fan(s)
- Dishwasher
- Garbage Disposal
- Microwave
- Washer and Dryer Hookup
- Cable Ready
- Window Coverings
- Carpet
- Refrigerator
- Balconies or Patios Available
- Large Closets
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 |
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.
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 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.
Section 538 Guaranteed Rural Rental Housing
Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.
Images of Boardman Lake Apartments
Nearby Low Income Apartment Communities like Boardman Lake Apartments
Aspen Hills
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.