About This Property
Serenity Place offers 100 affordable units in Grand Ledge, Michigan, with 90 one-bedroom and 10 two-bedroom apartments serving elderly residents. The property, which has been in service since 2013, was developed with HOME program funding and tax-exempt bonds. Eaton County residents can contact the property directly for information about income eligibility and availability.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Eaton 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 | $847 |
| 1 Bedroom | $887 |
| 2 Bedroom | $1,092 |
| 3 Bedroom | $1,423 |
| 4 Bedroom | $1,454 |
Income Limits - Eaton County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,650
- Very Low (50%)
- $27,700
- Low (80%)
- $44,350
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,600
- Low (80%)
- $57,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,550
- Low (80%)
- $63,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,050
- Low (80%)
- $78,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,250
- Low (80%)
- $83,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,650 | $27,700 | $44,350 |
| 2 Persons | $19,000 | $31,650 | $50,650 |
| 3 Persons | $21,960 | $35,600 | $57,000 |
| 4 Persons | $26,500 | $39,550 | $63,300 |
| 5 Persons | $31,040 | $42,750 | $68,400 |
| 6 Persons | $35,580 | $45,900 | $73,450 |
| 7 Persons | $40,120 | $49,050 | $78,500 |
| 8 Persons | $44,660 | $52,250 | $83,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grand Ledge, MI?+
The Fair Market Rent (FMR) for Eaton County, MI is: $847 (Studio), $887 (1BR), $1092 (2BR), $1423 (3BR), $1454 (4BR). Actual rent at subsidized properties like Serenity Place is typically 30% of household income or less.
What size apartments are available at Serenity Place?+
Serenity Place offers the following unit types: 90 One-Bedroom, 10 Two-Bedroom units, for a total of 100 units.
What is the price range for apartments in Grand Ledge, MI?+
Based on Fair Market Rent for Eaton County, the estimated price range is: 1-bedroom: $887, 2-bedroom: $1092. Actual rent at Serenity Place may be lower for income-eligible households.
What is the HUD inspection score for Serenity Place?+
Serenity Place has a HUD inspection score of 96 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What are the income limits for affordable housing in Eaton County, MI?+
For a 4-person household in Eaton County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,550, Low Income (80% AMI): $63,300. These limits are set by HUD and updated annually.
Who is eligible to live at Serenity Place?+
Serenity Place 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 Serenity Place?+
Serenity Place 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 Serenity Place?+
Serenity Place is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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