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 individuals, disabled residents, and formerly homeless persons. Funding for this development comes through the HOME program.
Waitlist Information
Waitlist managed by Grand Rapids Housing Commission
The Grand Rapids Housing Commission (GRHC) is currently accepting waiting list applications for Family Housing, Housing for 55+, and Housing for 62+ until further notice, though waiting lists for specific communities or bedroom sizes may be closed. Waiting lists for Campau Commons Apartments, Creston Plaza Apartments, and the Scattered Sites Program are currently closed due to long existing lists. All developments have a preference for Veterans. Other preferences include City of Grand Rapids residency or Kent County residency depending on the property.
The HCV waiting list will be open to new applicants from October 23 through October 27, 2026. The application process will be exclusively online, and a phone helpline will be available during business hours. After the application period, a random selection process will add 5,000 households to the list. Priority is given to Veterans, Kent County residents, and Ottawa County residents.
Waitlist data provided by section8waitlist.org
Updated August 19, 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 |
Advertisement
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.
Who manages Pleasant Prospect Homes Iii?+
Pleasant Prospect Homes Iii is managed by . You can reach them at .
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.
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 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.
Is there a waitlist for Pleasant Prospect Homes Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Opening Soon and is expected to open for applications soon. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
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 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pleasant Prospect Homes Iii
Pleasant Prospect Homes Iii
Grand Rapids, MI
90 Units1702 Eastern Ave Se
Grand Rapids, MI
2 UnitsDiamond Place
Grand Rapids, MI
456 Units
Adams Campau Park
Grand Rapids, MI
188 UnitsAmerican House Grand Rapids
Grand Rapids, MI
132 UnitsStonebrook Iii
Grand Rapids, MI
82 Units