About This Property
Silver Lake Arbors comprises 140 units in Fenton, Michigan, including 32 one-bedroom and 108 two-bedroom apartments. The property includes 42 low-income units and has been in service since 1998. Financing through tax-exempt bonds and 4% LIHTC credits supports this affordable housing community.
Property Details
Fair Market Rent - Genesee 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 | $740 |
| 1 Bedroom | $854 |
| 2 Bedroom | $1,061 |
| 3 Bedroom | $1,317 |
| 4 Bedroom | $1,444 |
Income Limits - Genesee County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,800
- Very Low (50%)
- $23,000
- Low (80%)
- $36,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,250
- Low (80%)
- $42,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,800
- Low (80%)
- $52,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,050
- Low (80%)
- $60,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
- Extremely Low (30%)
- $43,300
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,800 | $23,000 | $36,750 |
| 2 Persons | $17,420 | $26,250 | $42,000 |
| 3 Persons | $21,960 | $29,550 | $47,250 |
| 4 Persons | $26,500 | $32,800 | $52,500 |
| 5 Persons | $31,040 | $35,450 | $56,700 |
| 6 Persons | $35,580 | $38,050 | $60,900 |
| 7 Persons | $40,120 | $40,700 | $65,100 |
| 8 Persons | $43,300 | $43,300 | $69,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fenton, MI?+
The Fair Market Rent (FMR) for Genesee County, MI is: $740 (Studio), $854 (1BR), $1061 (2BR), $1317 (3BR), $1444 (4BR). Actual rent at subsidized properties like Silver Lake Arbors is typically 30% of household income or less.
What size apartments are available at Silver Lake Arbors?+
Silver Lake Arbors offers the following unit types: 32 One-Bedroom, 108 Two-Bedroom units, for a total of 140 units.
Who manages Silver Lake Arbors?+
Silver Lake Arbors is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Silver Lake Arbors?+
Silver Lake Arbors 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 are the income limits for affordable housing in Genesee County, MI?+
For a 4-person household in Genesee County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,800, Low Income (80% AMI): $52,500. These limits are set by HUD and updated annually.
What is the price range for apartments in Fenton, MI?+
Based on Fair Market Rent for Genesee County, the estimated price range is: 1-bedroom: $854, 2-bedroom: $1061. Actual rent at Silver Lake Arbors may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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