About This Property
Riversrun Senior Citizen is a 32-unit residential community in Allegan, MI that provides affordable housing for elderly residents. The property has been in service since 1990 and offers low-income units designated for seniors. All 32 units serve the senior population in Allegan County.
Property Details
Fair Market Rent - Allegan 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 | $832 |
| 1 Bedroom | $838 |
| 2 Bedroom | $1,101 |
| 3 Bedroom | $1,427 |
| 4 Bedroom | $1,466 |
Income Limits - Allegan County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,900
- Low (80%)
- $41,450
- Extremely Low (30%)
- $17,800
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,300
- Low (80%)
- $53,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,000
- Low (80%)
- $59,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,950
- Low (80%)
- $68,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,850
- Low (80%)
- $78,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,900 | $41,450 |
| 2 Persons | $17,800 | $29,600 | $47,400 |
| 3 Persons | $21,960 | $33,300 | $53,300 |
| 4 Persons | $26,500 | $37,000 | $59,200 |
| 5 Persons | $31,040 | $40,000 | $63,950 |
| 6 Persons | $35,580 | $42,950 | $68,700 |
| 7 Persons | $40,120 | $45,900 | $73,450 |
| 8 Persons | $44,660 | $48,850 | $78,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Allegan, MI?+
The Fair Market Rent (FMR) for Allegan County, MI is: $832 (Studio), $838 (1BR), $1101 (2BR), $1427 (3BR), $1466 (4BR). Actual rent at subsidized properties like Riversrun Senior Citizen is typically 30% of household income or less.
What are the income limits for affordable housing in Allegan County, MI?+
For a 4-person household in Allegan County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,000, Low Income (80% AMI): $59,200. These limits are set by HUD and updated annually.
Who is eligible to live at Riversrun Senior Citizen?+
Riversrun Senior Citizen primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Riversrun Senior Citizen?+
Riversrun Senior Citizen 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 manages Riversrun Senior Citizen?+
Riversrun Senior Citizen is managed by . You can reach them at . Visit their website for more information.