About This Property
Serrano Lofts comprises 15 low-income residential units in Grand Rapids, Michigan, with a mix of nine one-bedroom and six two-bedroom apartments. The property has been in service since 2011 and is financed through 4% Low-Income Housing Tax Credits. Prospective residents can inquire about availability and lease terms by contacting the property management office.
Waitlist Information
Waitlist managed by Grand Rapids Housing Commission
The Family Housing Other Project Based Waiting List is open until further notice; however, waiting lists for Campau Commons Apartments, Creston Plaza Apartments, and the Scattered Sites Program are currently closed due to long existing lists. Preferences include being displaced, living in Grand Rapids city limits, requesting a barrier-free unit, or being a Veteran/widow of a Veteran; all developments have a preference for Veterans. Most senior housing communities have a minimum age of 55, while Ransom Tower Apartments has a minimum age of 62.
The HCV waiting list will be open from October 23 to October 27, 2026, with applications exclusively online and a phone helpline available. A random selection process will add 5,000 households to the list, giving priority to Veterans, Kent County residents, and Ottawa County residents.
Waitlist data provided by section8waitlist.org
Updated September 5, 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 Serrano Lofts is typically 30% of household income or less.
What size apartments are available at Serrano Lofts?+
Serrano Lofts offers the following unit types: 9 One-Bedroom, 6 Two-Bedroom units, for a total of 15 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.
How do I apply for housing at Serrano Lofts?+
Serrano Lofts 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 Grand Rapids, MI?+
Based on Fair Market Rent for Kent County, the estimated price range is: 1-bedroom: $1142, 2-bedroom: $1369. Actual rent at Serrano Lofts may be lower for income-eligible households.
Who manages Serrano Lofts?+
Serrano Lofts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Serrano Lofts?+
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.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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