About This Property
Park Terrace I in Williamston contains 48 low-income housing units designed for families, with 24 one-bedroom and 24 two-bedroom floor plans available. The property has been in service since 2006 and is located in Ingham County, Michigan. Interested applicants can contact the property management office for information about availability and lease terms.
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 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Williamston, 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 Park Terrace I (Williamston) is typically 30% of household income or less.
What size apartments are available at Park Terrace I (Williamston)?+
Park Terrace I (Williamston) offers the following unit types: 24 One-Bedroom, 24 Two-Bedroom units, for a total of 48 units.
What is the price range for apartments in Williamston, MI?+
Based on Fair Market Rent for Ingham County, the estimated price range is: 1-bedroom: $887, 2-bedroom: $1092. Actual rent at Park Terrace I (Williamston) may be lower for income-eligible households.
How do I apply for housing at Park Terrace I (Williamston)?+
Park Terrace I (Williamston) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Park Terrace I (Williamston)?+
Park Terrace I (Williamston) is managed by . You can reach them at .
Who is eligible to live at Park Terrace I (Williamston)?+
Park Terrace I (Williamston) primarily serves families. 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 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Park Terrace I (Williamston)
Kalamink Creek Apts
Webberville, MI
24 UnitsMarsh Pointe
Haslett, MI
108 UnitsJps Perry
Perry, MI
72 UnitsKalamink Creek
Webberville, MI
24 Units
Ingham County Housing Commission
Okemos, MI
189 UnitsCherry Hill Manor Ii
Perry, MI
24 Units