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Affordable Housing In Bingham
Leelanau County, Michigan

Housing Authorities that serve Bingham

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)
Traverse City Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Bingham, Michigan

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Bingham, Michigan.

Income Based Apartments in Bingham, Michigan

Bingham features 0 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 Bingham, Michigan

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bingham.

Housing Choice Vouchers in Bingham, Michigan

On average, Section 8 Housing Choice vouchers pay Bingham landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bingham.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bingham, Michigan for a two-bedroom apartment is between $786 and $960.

2021 Bingham, 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
Bingham, Michigan Fair Market Rent $669 $709 $873 $1,185 $1,512
Bingham, Michigan Payment Standard Range $602 to $736 $638 to $780 $786 to $960 $1,067 to $1,304 $1,361 to $1,663

Sourced from federal housing data and AffordableHousingOnline.com research.

Bingham, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Bingham is a city in Leelanau County, Michigan with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Bingham are renters.

Income and Rent Overburden in Bingham

The median gross income for households in Bingham is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Bingham

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 Bingham, the AMI is calculated from all households within Leelanau County.

In Bingham, HUD calculates the Area Median Income for a family of four as $78,900

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 Bingham

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 Bingham

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 Bingham AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,600 $18,950 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Bingham AMI may qualify for rental assistance programs that target Very Low Income households.
$27,650 $31,600 $35,550 $39,450 $42,650 $45,800 $48,950 $52,100
80% AMI Income Limits
Renters earning up to 80% of the Bingham AMI may qualify for rental assistance programs that target Low Income households.
$44,200 $50,500 $56,800 $63,100 $68,150 $73,200 $78,250 $83,300