About This Property
Ivan Wood Senior Apts comprises 90 low-income units in East Lansing designed to serve elderly residents. The property includes 53 one-bedroom and 37 two-bedroom apartments and has been in service since 1991. The development utilizes 9% Low-Income Housing Tax Credits to maintain affordability.
Property Details
Fair Market Rent - Ingham 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 - Ingham 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 East Lansing, MI?+
The Fair Market Rent (FMR) for Ingham County, MI is: $847 (Studio), $887 (1BR), $1092 (2BR), $1423 (3BR), $1454 (4BR). Actual rent at subsidized properties like Ivan Wood Senior Apts is typically 30% of household income or less.
What size apartments are available at Ivan Wood Senior Apts?+
Ivan Wood Senior Apts offers the following unit types: 53 One-Bedroom, 37 Two-Bedroom units, for a total of 90 units.
What is the price range for apartments in East Lansing, MI?+
Based on Fair Market Rent for Ingham County, the estimated price range is: 1-bedroom: $887, 2-bedroom: $1092. Actual rent at Ivan Wood Senior Apts may be lower for income-eligible households.
Who manages Ivan Wood Senior Apts?+
Ivan Wood Senior Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Ivan Wood Senior Apts?+
Ivan Wood Senior Apts 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 Ivan Wood Senior Apts?+
Ivan Wood Senior 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 Ingham County, MI?+
For a 4-person household in Ingham 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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