About This Property
Grandview Estates offers 48 low-income rental units in Caro, Michigan, consisting of 24 two-bedroom and 24 three-bedroom apartments. The property was placed in service in 2010 and is financed through tax-exempt bonds with 4% LIHTC credit. Units serve households meeting low-income eligibility requirements in Tuscola County.
Property Details
Fair Market Rent - Tuscola 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 | $613 |
| 1 Bedroom | $746 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,250 |
| 4 Bedroom | $1,369 |
Income Limits - Tuscola 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 Caro, MI?+
The Fair Market Rent (FMR) for Tuscola County, MI is: $613 (Studio), $746 (1BR), $905 (2BR), $1250 (3BR), $1369 (4BR). Actual rent at subsidized properties like Grandview Estates is typically 30% of household income or less.
What size apartments are available at Grandview Estates?+
Grandview Estates offers the following unit types: 24 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Tuscola County, MI?+
For a 4-person household in Tuscola 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 Grandview Estates?+
Grandview Estates is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Caro, MI?+
Based on Fair Market Rent for Tuscola County, the estimated price range is: 2-bedroom: $905, 3-bedroom: $1250. Actual rent at Grandview Estates may be lower for income-eligible households.
How do I apply for housing at Grandview Estates?+
Grandview Estates 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
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