Affordable Housing In Beaverton
Gladwin County, Michigan


Waiting List Openings In Beaverton

Waiting ListStatus
Michigan State Housing Development Authority Housing Choice Voucher Open Now
Michigan State Housing Development Authority Housing Choice Voucher Open Now
Michigan State Housing Development Authority Housing Choice Voucher Open Now

4 Low Income Apartment Communities In Beaverton

Three Forks Apartments

3215 W Lang Rd
Beaverton, MI
Subsidized

Beaverton Manor

110 E Knox St
Beaverton, MI
Subsidized

Grand Fork Commons Kmg Prestige, Inc

2755 W Knox Rd
Beaverton, MI
HCV Welcome

Ross Lake Village

391 W Brown St
Beaverton, MI
HCV Welcome
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Housing Authorities that serve Beaverton

Housing Authority Programs
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Beaverton, Michigan

According to federal housing data and AffordableHousingOnline.com research, there are 4 low income housing apartment communities offering 159 affordable apartments for rent in Beaverton, Michigan. Beaverton features 88 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 71 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Beaverton.

Beaverton, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 159
Total Housing Units with Rental Assistance 88
Percentage of Housing Units Occupied By Renters 52.18%
Average Renter Household Size 1.82
Average Household Size 2.02
Median Household Income $26,538 ±$6,019
Median Rent $516 ±$35
Percentage Of Renters Overburdened 49.81% ± 14.28pp
Total Population 1,019

Population and Household Demographics

Beaverton is a City in Gladwin County, Michigan with a population of 1,019. There are 504 households in the city with an average household size of 2.02 persons. 52.18% of households in Beaverton are renters.

Income and Rent Overburden in Beaverton

The median gross income for households in Beaverton is $26,538 a year, or $2,212 a month. The median rent for the city is $516 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Beaverton, a household making less than $1,720 a month would be considered overburdened when renting an apartment at or above the median rent. 49.81% of households who rent are overburdened in Beaverton.1

Area Median Income In Beaverton

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Beaverton, the AMI is calculated from all households within Gladwin County.

In Beaverton, HUD calculates the Area Median Income for a family of four as $51,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Beaverton

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Beaverton HUD Rental Assistance in Beaverton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,850 $16,910 $21,330 $25,750 $30,170 $34,590 $37,900 $40,350
50% of Median $21,400 $24,450 $27,500 $30,550 $33,000 $35,450 $37,900 $40,350
80% of Median $34,250 $39,150 $44,050 $48,900 $52,850 $56,750 $60,650 $64,550
Low Income Housing Tax Credits in Beaverton

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2000 to 2012, 3 low income apartment communities containing 85 rental apartments have been constructed and made affordable to low income persons in Beaverton by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Beaverton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,400 $24,450 $27,500 $30,550 $33,000 $35,450 $37,900 $40,350
60% of Median $25,680 $29,340 $33,000 $36,660 $39,600 $42,540 $45,480 $48,420

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Beaverton is $33,000 a year, or $2,750 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,750 by 30% to get a maximum rent of $825 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $535 $573 $688 $794 $886 $978
60% $642 $688 $825 $953 $1,064 $1,174
Fair Market Rents in Beaverton

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$495 $563 $713 $926 $1,116