About This Property
Cambridge Court Phase I consists of 28 units in Imlay City, Michigan, with 27 units designated for low-income households. The property includes 24 one-bedroom and 4 two-bedroom apartments and has been in service since 1999. This development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Lapeer 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 | $920 |
| 1 Bedroom | $1,019 |
| 2 Bedroom | $1,291 |
| 3 Bedroom | $1,595 |
| 4 Bedroom | $1,719 |
Income Limits - Lapeer County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,200
- Low (80%)
- $69,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,600
- Low (80%)
- $79,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,800
- Low (80%)
- $84,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,800 | $28,000 | $44,800 |
| 2 Persons | $19,200 | $32,000 | $51,200 |
| 3 Persons | $21,960 | $36,000 | $57,600 |
| 4 Persons | $26,500 | $40,000 | $64,000 |
| 5 Persons | $31,040 | $43,200 | $69,150 |
| 6 Persons | $35,580 | $46,400 | $74,250 |
| 7 Persons | $40,120 | $49,600 | $79,400 |
| 8 Persons | $44,660 | $52,800 | $84,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Imlay City, MI?+
The Fair Market Rent (FMR) for Lapeer County, MI is: $920 (Studio), $1019 (1BR), $1291 (2BR), $1595 (3BR), $1719 (4BR). Actual rent at subsidized properties like Cambridge Court Phase I (Imlay City) is typically 30% of household income or less.
What size apartments are available at Cambridge Court Phase I (Imlay City)?+
Cambridge Court Phase I (Imlay City) offers the following unit types: 24 One-Bedroom, 4 Two-Bedroom units, for a total of 28 units.
How do I apply for housing at Cambridge Court Phase I (Imlay City)?+
Cambridge Court Phase I (Imlay City) 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.
What are the income limits for affordable housing in Lapeer County, MI?+
For a 4-person household in Lapeer County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $64,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Imlay City, MI?+
Based on Fair Market Rent for Lapeer County, the estimated price range is: 1-bedroom: $1019, 2-bedroom: $1291. Actual rent at Cambridge Court Phase I (Imlay City) may be lower for income-eligible households.
Who manages Cambridge Court Phase I (Imlay City)?+
Cambridge Court Phase I (Imlay City) is managed by . You can reach them at .
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Nearby Schools
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