Low Income (LIHTC)

Oakview Square Phase I

50440 Oakview Dr, Chesterfield, MI, 48047

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Oakview Square Phase I is a 240-unit affordable housing community in Chesterfield, Michigan, serving low-income residents. The property has been in service since 1990 and is located in Macomb County.

Property Details

Total Units

240

Fair Market Rent - Macomb 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 - Macomb County, MI

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,800
Very Low (50%): $28,000
Low (80%): $44,800

2 Persons

Extremely Low (30%): $19,200
Very Low (50%): $32,000
Low (80%): $51,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $36,000
Low (80%): $57,600

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $40,000
Low (80%): $64,000

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $43,200
Low (80%): $69,150

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $46,400
Low (80%): $74,250

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $49,600
Low (80%): $79,400

8 Persons

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

Tax Credit Program Details

Year Placed in Service

1990

Low-Income Units

240 / 240

Frequently Asked Questions

What is the average rent for affordable housing in Chesterfield, MI?+

The Fair Market Rent (FMR) for Macomb County, MI is: $920 (Studio), $1019 (1BR), $1291 (2BR), $1595 (3BR), $1719 (4BR). Actual rent at subsidized properties like Oakview Square Phase I is typically 30% of household income or less.

What are the income limits for affordable housing in Macomb County, MI?+

For a 4-person household in Macomb 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.

Who manages Oakview Square Phase I?+

Oakview Square Phase I is managed by . You can reach them at .

How do I apply for housing at Oakview Square Phase I?+

Oakview Square Phase I 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.

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