About This Property
Pleasant Prospect Homes III offers 90 low-income residential units in Grand Rapids, Michigan, consisting of 12 two-bedroom and 78 three-bedroom apartments. The property has been in service since 2015 and serves families, elderly residents, disabled individuals, and formerly homeless persons. Funding for the development comes through the HOME program.
Waitlist Information
Waitlist managed by Grand Rapids Housing Commission
Preferences include Veterans, Grand Rapids residents for some properties, and Kent County residents for others. Most senior housing communities have a minimum age of 55, while Ransom Tower Apartments has a minimum age of 62. Waiting lists for Campau Commons Apartments, Creston Plaza Apartments, and the GRHC Scattered Sites Program are currently closed.
The HCV program is currently serving applicants from the October 2023 opening and does not provide waiting list position numbers; there is no notice when this waiting list will reopen.
Waitlist data provided by section8waitlist.org
Updated June 15, 2026
Property Details
Fair Market Rent - Kent County, MI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,093 |
| 1 Bedroom | $1,142 |
| 2 Bedroom | $1,369 |
| 3 Bedroom | $1,785 |
| 4 Bedroom | $1,963 |
Income Limits - Kent County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,200
- Low (80%)
- $69,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,600
- Low (80%)
- $79,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,800
- Low (80%)
- $84,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,800 | $28,000 | $44,800 |
| 2 Persons | $19,200 | $32,000 | $51,200 |
| 3 Persons | $21,960 | $36,000 | $57,600 |
| 4 Persons | $26,500 | $40,000 | $64,000 |
| 5 Persons | $31,040 | $43,200 | $69,150 |
| 6 Persons | $35,580 | $46,400 | $74,250 |
| 7 Persons | $40,120 | $49,600 | $79,400 |
| 8 Persons | $44,660 | $52,800 | $84,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grand Rapids, MI?+
The Fair Market Rent (FMR) for Kent County, MI is: $1093 (Studio), $1142 (1BR), $1369 (2BR), $1785 (3BR), $1963 (4BR). Actual rent at subsidized properties like Pleasant Prospect Homes Iii is typically 30% of household income or less.
What size apartments are available at Pleasant Prospect Homes Iii?+
Pleasant Prospect Homes Iii offers the following unit types: 12 Two-Bedroom, 78 Three-Bedroom units, for a total of 90 units.
What are the income limits for affordable housing in Kent County, MI?+
For a 4-person household in Kent County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $64,000. These limits are set by HUD and updated annually.
Who manages Pleasant Prospect Homes Iii?+
Pleasant Prospect Homes Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pleasant Prospect Homes Iii?+
Pleasant Prospect Homes Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Pleasant Prospect Homes Iii?+
Pleasant Prospect Homes Iii primarily serves families, elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Pleasant Prospect Homes Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Grand Rapids, MI?+
Based on Fair Market Rent for Kent County, the estimated price range is: 2-bedroom: $1369, 3-bedroom: $1785. Actual rent at Pleasant Prospect Homes Iii may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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