About This Property
Pine River Meadows comprises 10 low-income units in Ithaca, Michigan, serving elderly residents. The property contains four one-bedroom units and six two-bedroom units and has been in service since 2004. This property utilizes 9% Low-Income Housing Tax Credits to provide affordable housing options.
Property Details
Fair Market Rent - Gratiot 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 | $613 |
| 1 Bedroom | $743 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,171 |
| 4 Bedroom | $1,528 |
Income Limits - Gratiot County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ithaca, MI?+
The Fair Market Rent (FMR) for Gratiot County, MI is: $613 (Studio), $743 (1BR), $905 (2BR), $1171 (3BR), $1528 (4BR). Actual rent at subsidized properties like Pine River Meadows is typically 30% of household income or less.
What size apartments are available at Pine River Meadows?+
Pine River Meadows offers the following unit types: 4 One-Bedroom, 6 Two-Bedroom units, for a total of 10 units.
What is the price range for apartments in Ithaca, MI?+
Based on Fair Market Rent for Gratiot County, the estimated price range is: 1-bedroom: $743, 2-bedroom: $905. Actual rent at Pine River Meadows may be lower for income-eligible households.
How do I apply for housing at Pine River Meadows?+
Pine River Meadows 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 Pine River Meadows?+
Pine River Meadows is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Pine River Meadows?+
Pine River Meadows primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Gratiot County, MI?+
For a 4-person household in Gratiot County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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