Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Penrose Village Ii

516 W Lantz St, Detroit, MI, 48203

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

Penrose Village II offers 36 low-income units in Detroit, consisting of seven 2-bedroom and twenty-nine 3-bedroom apartments. The property has been in service since 2013 and is financed through 9% Low-Income Housing Tax Credits. Interested parties may contact the property management for additional information regarding availability and leasing.

Waitlist Information

Waitlist managed by Detroit Housing Commission

Public Housing Waitlist
Closed

The last opening for eight low-income public housing properties was from October 1, 2024, to December 31, 2024. Preferences were given to applicants displaced by a federally declared disaster, displaced families from other public housing authorities, elderly (62+), homeless, and victims of domestic violence.

Last verified April 11, 2026
Section 8 (HCV) Waitlist
Closed

The waitlist for the Housing Choice Voucher Program is currently closed. Historically, DHC waitlists close with a lottery, and eligibility is based on income, citizenship, and criminal history.

Last verified February 19, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
36
2 Bedroom
7
3 Bedroom
29

Fair Market Rent - Wayne County, MI

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$920
1 Bedroom$1,019
2 Bedroom$1,291
3 Bedroom$1,595
4 Bedroom$1,719

Income Limits - Wayne County, MI

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$16,800
Very Low (50%)
$28,000
Low (80%)
$44,800
2 Persons
Extremely Low (30%)
$19,200
Very Low (50%)
$32,000
Low (80%)
$51,200
3 Persons
Extremely Low (30%)
$21,960
Very Low (50%)
$36,000
Low (80%)
$57,600
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$40,000
Low (80%)
$64,000
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$43,200
Low (80%)
$69,150
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$46,400
Low (80%)
$74,250
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$49,600
Low (80%)
$79,400
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$52,800
Low (80%)
$84,500

Tax Credit Program Details

Year Placed in Service
2013
LIHTC Credit Type
9%
Low-Income Units
36 / 36
Target Population
UNSPECIFIED
Designations
Qualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Detroit, MI?+

The Fair Market Rent (FMR) for Wayne County, MI is: $920 (Studio), $1019 (1BR), $1291 (2BR), $1595 (3BR), $1719 (4BR). Actual rent at subsidized properties like Penrose Village Ii is typically 30% of household income or less.

What size apartments are available at Penrose Village Ii?+

Penrose Village Ii offers the following unit types: 7 Two-Bedroom, 29 Three-Bedroom units, for a total of 36 units.

Who is eligible to live at Penrose Village Ii?+

Penrose Village Ii primarily serves UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Who manages Penrose Village Ii?+

Penrose Village Ii is managed by . You can reach them at . Visit their website for more information.

Is there a waitlist for Penrose Village Ii?+

Public Housing waitlist is currently Closed. 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.

How do I apply for housing at Penrose Village Ii?+

Penrose Village Ii 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.

What is the price range for apartments in Detroit, MI?+

Based on Fair Market Rent for Wayne County, the estimated price range is: 2-bedroom: $1291, 3-bedroom: $1595. Actual rent at Penrose Village Ii may be lower for income-eligible households.

What are the income limits for affordable housing in Wayne County, MI?+

For a 4-person household in Wayne 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.

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Walk Score

Almost All Errands Require a Car

12
Walk
55
Transit
58
Bike

Nearby Schools

PK,KG,1,2,3,4,5,6,7,8
9,10,11,12,UG
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Wayne County, MI

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Housing Resources in Detroit, MI

HUD-Approved Counseling Agencies

ABAYOMI COMMUNITY DEVELOPMENT CORPORATION

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

BRIDGING COMMUNITIES, INC.

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

CENTRAL DETROIT CHRISTIAN CDC

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops