Facts (and Fiction) About
Affordable Housing
Affordable housing increases crime.
All residents are rigorously screened via detailed background checks. Safety is Maple Valley's number one priority, whether that is for our residents, employees, or the communities of which we are a part.
Affordable housing decreases property values.
The beautiful, well-maintained buildings Maple Valley develops can help increase property values in several ways. First, our investments in underserved areas often spur further investments in the community. Next, providing workforce families access to stable, high-quality housing further spurs economic development as residents seek goods and services within communities. Lastly, it’s important to understand that most of our residents already live in the communities where we build. In other words, we’re generally not bringing new people to your community, we are ensuring your friends and neighbors have the best possible living situation.
Affordable housing is an eye sore.
Maple Valley creates stylish, attractive properties that are designed to fit the aesthetic and environment of the communities where they are built. We have won many awards for architecture/design, multifamily rehabilitation, energy efficiency, historic adaptive reuse, and community amenities. Our properties look as good or better than any market-rate apartment available in the neighborhood. Our leasing professionals often turn away individuals inquiring about our beautiful, well-kept communities because they are far beyond the income limits.
People who take advantage of affordable housing are lazy.
The vast majority of Maple Valley residents are working, disabled, or retired. We serve seniors, veterans, and other hard-working groups that for one reason or another can’t find the types of housing they deserve. Maple Valley Companies proudly serves our residents and neighbors looking for a better life for themselves and their families.
All affordable housing
is “income based.”
Maple Valley utilizes a variety of funding sources and programs. This means that most of our housing is “income restricted” rather than “income based.” Income based takes a predetermined percentage of a resident’s income for rent. For example, if a person earned 50% of the median income, his/her rent would be 50% of the market rate. On the other hand, income restricted utilizes a range of income that is acceptable for residents. For example, we might only accept residents making between $20,000 – $25,000 per year.
All affordable housing is Section 8
Much of affordable rental housing developed today is made possible through Low Income Housing Tax Credits (LIHTC), a competitive public policy program enacted under the Tax Reform Act of 1986. This is Section 42 of the Internal Revenue Code regulates and encourages developers to build affordable housing to meet the needs of local communities. In most cases, residents pay monthly rent without subsidies.
WE'RE HERE TO HELP
Maple Valley Real Estate is addressing the critical housing needs of Michigan while fostering internal growth and capacity building. By collaborating with seasoned industry leaders such as Cove Investment LLC, and Union Capital LLC, the initiative ensures a dynamic exchange of knowledge and mentorship. This guidance not only strengthens Maple Valley’s operational capabilities but also accelerates its growth as a soon to be leader in affordable housing.
Get In Touch
