About This Property
Parkwood Apts offers 60 low-income units in Jonesville, Michigan, consisting of 20 one-bedroom and 40 two-bedroom apartments. The property has been in service since 1990 and is financed through 4% Low-Income Housing Tax Credits. Interested parties can contact the property management for additional information.
Property Details
Fair Market Rent - Hillsdale 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 | $720 |
| 1 Bedroom | $725 |
| 2 Bedroom | $952 |
| 3 Bedroom | $1,199 |
| 4 Bedroom | $1,306 |
Income Limits - Hillsdale 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 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Jonesville, MI?+
The Fair Market Rent (FMR) for Hillsdale County, MI is: $720 (Studio), $725 (1BR), $952 (2BR), $1199 (3BR), $1306 (4BR). Actual rent at subsidized properties like Parkwood Apts is typically 30% of household income or less.
What size apartments are available at Parkwood Apts?+
Parkwood Apts offers the following unit types: 20 One-Bedroom, 40 Two-Bedroom units, for a total of 60 units.
What is the price range for apartments in Jonesville, MI?+
Based on Fair Market Rent for Hillsdale County, the estimated price range is: 1-bedroom: $725, 2-bedroom: $952. Actual rent at Parkwood Apts may be lower for income-eligible households.
How do I apply for housing at Parkwood Apts?+
Parkwood Apts 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 Hillsdale County, MI?+
For a 4-person household in Hillsdale 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.
Who manages Parkwood Apts?+
Parkwood Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Parkwood Apts
Center City Downtown Hillsdale
Hillsdale, MI
40 UnitsLitchfield Apts
Litchfield, MI
24 UnitsHillsdale / Beacon Hill
Hillsdale, MI
196 Units
Hillsdale Housing Commission
Hillsdale, MI
60 UnitsHeritage Lane Residences
Jonesville, MI
44 UnitsGreenwood Village Ii
Hillsdale, MI
48 Units