About This Property
Town Place Apts offers 16 units in Hesperia, Michigan, with 15 designated as low-income housing. The property features a mix of 9 one-bedroom and 7 two-bedroom units and has been in service since 1995. Financing through 4% Low-Income Housing Tax Credits supports the affordable housing at this Newaygo County property.
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 Town Place Apts is typically 30% of household income or less.
What size apartments are available at Town Place Apts?+
Town Place Apts offers the following unit types: 9 One-Bedroom, 7 Two-Bedroom units, for a total of 16 units.
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.
Who manages Town Place Apts?+
Town Place Apts is managed by . You can reach them at . Visit their website for more information.
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 Town Place Apts may be lower for income-eligible households.
How do I apply for housing at Town Place Apts?+
Town Place 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.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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