About This Property
Silverwood Manor Apts comprises 16 low-income units in Hesperia, Michigan, with eight one-bedroom and eight two-bedroom floor plans. The property has been in service since 1995 and receives 4% Low-Income Housing Tax Credit funding. Newaygo County residents can contact the property management for application information and current availability.
Property Details
Fair Market Rent - Newaygo 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 | $630 |
| 1 Bedroom | $708 |
| 2 Bedroom | $930 |
| 3 Bedroom | $1,211 |
| 4 Bedroom | $1,295 |
Income Limits - Newaygo 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 Hesperia, MI?+
The Fair Market Rent (FMR) for Newaygo County, MI is: $630 (Studio), $708 (1BR), $930 (2BR), $1211 (3BR), $1295 (4BR). Actual rent at subsidized properties like Silverwood Manor Apts is typically 30% of household income or less.
What size apartments are available at Silverwood Manor Apts?+
Silverwood Manor Apts offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
Who manages Silverwood Manor Apts?+
Silverwood Manor Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Silverwood Manor Apts?+
Silverwood Manor 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.
What are the income limits for affordable housing in Newaygo County, MI?+
For a 4-person household in Newaygo 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 Hesperia, MI?+
Based on Fair Market Rent for Newaygo County, the estimated price range is: 1-bedroom: $708, 2-bedroom: $930. Actual rent at Silverwood Manor Apts may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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