About This Property
Aldersgate Village I contains 75 low-income residential units in Oscoda, Michigan, serving families and elderly residents. The property includes 38 one-bedroom units and 37 two-bedroom units and has been in service since 2011.
Property Details
Fair Market Rent - Iosco 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 | $725 |
| 1 Bedroom | $730 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,156 |
| 4 Bedroom | $1,283 |
Income Limits - Iosco 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 Oscoda, MI?+
The Fair Market Rent (FMR) for Iosco County, MI is: $725 (Studio), $730 (1BR), $905 (2BR), $1156 (3BR), $1283 (4BR). Actual rent at subsidized properties like Aldersgate Village I is typically 30% of household income or less.
What size apartments are available at Aldersgate Village I?+
Aldersgate Village I offers the following unit types: 38 One-Bedroom, 37 Two-Bedroom units, for a total of 75 units.
Who manages Aldersgate Village I?+
Aldersgate Village I is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Aldersgate Village I?+
Aldersgate Village I primarily serves families, 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 Iosco County, MI?+
For a 4-person household in Iosco 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.
What is the price range for apartments in Oscoda, MI?+
Based on Fair Market Rent for Iosco County, the estimated price range is: 1-bedroom: $730, 2-bedroom: $905. Actual rent at Aldersgate Village I may be lower for income-eligible households.
How do I apply for housing at Aldersgate Village I?+
Aldersgate Village I 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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