Affordable Housing In Benzie County
5 Low Income Apartment Communities In Benzie County
Housing Authorities that serve Benzie County
|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)|
|Traverse City Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Benzie County, Michigan
There are 5 low income housing apartment communities offering 110 affordable apartments for rent in Benzie County, Michigan.
Income Based Apartments in Benzie County, Michigan
Benzie County features 74 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Benzie County, Michigan
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Benzie County.
Housing Choice Vouchers in Benzie County, Michigan
On average, Section 8 Housing Choice vouchers pay Benzie County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Benzie County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Benzie County, Michigan for a two-bedroom apartment is between $780 and $954.
2021 Benzie County, Michigan Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Benzie County, Michigan Fair Market Rent||$594||$658||$867||$1,078||$1,205|
|Benzie County, Michigan Payment Standard Range||$535 to $653||$592 to $724||$780 to $954||$970 to $1,186||$1,085 to $1,326|
Sourced from federal housing data and AffordableHousingOnline.com research.
Benzie County, MI Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||110|
|Total Housing Units with Rental Assistance||74|
|Percentage of Housing Units Occupied By Renters||14.66%|
|Average Renter Household Size||2.45|
|Average Household Size||2.37|
|Median Household Income||$47,388 ±$2,287|
|Median Rent||$713 ±$31|
|Percentage Of Renters Overburdened||38.43% ± 6pp|
Population and Household Demographics
Benzie County is a county in Michigan with a population of 17,437. There are 7,225 households in the county with an average household size of 2.37 persons. 14.66% of households in Benzie County are renters.
Income and Rent Overburden in Benzie County
The median gross income for households in Benzie County is $47,388 a year, or $3,949 a month. The median rent for the county is $713 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Benzie County, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 38.43% of households who rent are overburdened in Benzie County.
Area Median Income In Benzie County
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.
In Benzie County, HUD calculates the Area Median Income for a family of four as $70,200
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 Benzie County
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 HUD Rental Assistance in Benzie County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Benzie County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Benzie County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Benzie County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Benzie County
Select A City to View its Apartment Communities and Waiting Lists.