Affordable Housing In Chelsea
Washtenaw County, Michigan

3 Low Income Apartment Communities In Chelsea

Sharon Ann Apartments

533 N Main St
Chelsea, MI
Call For Rent
1-2 BR
HCV Welcome

Pines, The

325 Wilkinson St
Chelsea, MI
HCV Welcome

Village Apartments Kmg Prestige, Inc

250 Wilkinson St
Chelsea, MI
Subsidized
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Housing Authorities that serve Chelsea

Housing Authority Programs
Ann Arbor Housing Commission Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Moving to Work; Section 8 Project-Based Voucher (PBV); Mainstream Voucher; Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Chelsea, Michigan

There are 3 low income housing apartment communities offering 181 affordable apartments for rent in Chelsea, Michigan. Chelsea features 66 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 115 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Chelsea.

Sourced from federal housing data and AffordableHousingOnline.com research.

Chelsea, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 181
Total Housing Units with Rental Assistance 66
Percentage of Housing Units Occupied By Renters 40.79%
Average Renter Household Size 1.75
Average Household Size 2.17
Median Household Income $59,292 ±$3,977
Median Rent $981 ±$71
Percentage Of Renters Overburdened 46.01% ± 10.76pp
Total Population 5,126

Population and Household Demographics

Chelsea is a City in Washtenaw County, Michigan with a population of 5,126. There are 2,307 households in the city with an average household size of 2.17 persons. 40.79% of households in Chelsea are renters.

Income and Rent Overburden in Chelsea

The median gross income for households in Chelsea is $59,292 a year, or $4,941 a month. The median rent for the city is $981 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chelsea, a household making less than $3,270 a month would be considered overburdened when renting an apartment at or above the median rent. 46.01% of households who rent are overburdened in Chelsea.1

Area Median Income In Chelsea

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 Chelsea, the AMI is calculated from all households within Washtenaw County.

In Chelsea, HUD calculates the Area Median Income for a family of four as $101,200

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 Chelsea

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 Chelsea HUD Rental Assistance in Chelsea

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $39,010 $43,430
50% of Median $35,450 $40,500 $45,550 $50,600 $54,650 $58,700 $62,750 $66,800
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Chelsea

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

From 2001 to 2001, 2 low income apartment communities containing 72 rental apartments have been constructed and made affordable to low income persons in Chelsea 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 Chelsea

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,450 $40,500 $45,550 $50,600 $54,650 $58,700 $62,750 $66,800
60% of Median $42,540 $48,600 $54,660 $60,720 $65,580 $70,440 $75,300 $80,160

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 Chelsea is $54,660 a year, or $4,555 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,555 by 30% to get a maximum rent of $1,367 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% $886 $949 $1,139 $1,316 $1,468 $1,619
60% $1,064 $1,139 $1,367 $1,579 $1,761 $1,943
Fair Market Rents in Chelsea

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
$900 $921 $1,124 $1,445 $1,767