About This Property
Coloney Apts offers 24 low-income units in Lakeview, Michigan, consisting of sixteen 1-bedroom and eight 2-bedroom apartments. The property has been in service since 1990 and is financed through 4% Low-Income Housing Tax Credits. The apartments serve households with income restrictions as part of the affordable housing program.
Property Details
Fair Market Rent - Montcalm 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 | $719 |
| 1 Bedroom | $818 |
| 2 Bedroom | $996 |
| 3 Bedroom | $1,234 |
| 4 Bedroom | $1,359 |
Income Limits - Montcalm 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 Lakeview, MI?+
The Fair Market Rent (FMR) for Montcalm County, MI is: $719 (Studio), $818 (1BR), $996 (2BR), $1234 (3BR), $1359 (4BR). Actual rent at subsidized properties like Coloney Apts is typically 30% of household income or less.
What size apartments are available at Coloney Apts?+
Coloney Apts offers the following unit types: 16 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Coloney Apts?+
Coloney 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.
Who manages Coloney Apts?+
Coloney Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Montcalm County, MI?+
For a 4-person household in Montcalm 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 Lakeview, MI?+
Based on Fair Market Rent for Montcalm County, the estimated price range is: 1-bedroom: $818, 2-bedroom: $996. Actual rent at Coloney Apts may be lower for income-eligible households.
Contact Information
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Nearby Schools
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