Cobblestone Village Apartments

8788 Cobblestone Rd, Watervliet, Michigan 49098

Contact Cobblestone Village Apartments

Great Location! These two bedroom/one bath units and three bedroom/two bath units have washer/dryer connections in every unit or laundry facilities on site. Appliances include stove, refrigerator, microwave and dishwasher. Central air conditioning, huge private patio or balcony. Large attractive floor plans. Close to shopping, hospital, middle and high schools. Two playgrounds. They pay the heat, sewer, water, trash collection, snow removal and lawn care. * Income restrictions apply*

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	950	Call for Price
3 Bedroom (3/2)	1191	$690

Eligibility for Cobblestone Village Apartments

Cobblestone Village Apartments Details

40 two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Controlled Access
Playground
Laundry Facilities
Smoke Free
High Speed Internet Access
Heat Included
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Dishwasher
Microwave
Washer and Dryer Hookup
Refrigerator
Water Included

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.