Affordable Housing In East Jordan
Charlevoix County, Michigan


Waiting List Openings In East Jordan

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

3 Low Income Apartment Communities In East Jordan

Applewood Highland Apartments

502 Erie St
East Jordan, MI
Subsidized

Lakeview Manor

715 Division St
East Jordan, MI

Applewood Village and Highland Terrace Apartments

500 Erie St
East Jordan, MI
HCV Welcome
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Housing Authorities that serve East Jordan

Housing Authority Programs
East Jordan Housing Commission Public Housing
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 East Jordan, Michigan

According to federal housing data and AffordableHousingOnline.com research, there are 3 low income housing apartment communities offering 148 affordable apartments for rent in East Jordan, Michigan. East Jordan features 108 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 40 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in East Jordan.

East Jordan, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 148
Total Housing Units with Rental Assistance 108
Percentage of Housing Units Occupied By Renters 32.01%
Average Renter Household Size 2.09
Average Household Size 2.57
Median Household Income $32,917 ±$3,105
Median Rent $571 ±$42
Percentage Of Renters Overburdened 30.29% ± 11.87pp
Total Population 2,474

Population and Household Demographics

East Jordan is a City in Charlevoix County, Michigan with a population of 2,474. There are 959 households in the city with an average household size of 2.57 persons. 32.01% of households in East Jordan are renters.

Income and Rent Overburden in East Jordan

The median gross income for households in East Jordan is $32,917 a year, or $2,743 a month. The median rent for the city is $571 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In East Jordan, a household making less than $1,903 a month would be considered overburdened when renting an apartment at or above the median rent. 30.29% of households who rent are overburdened in East Jordan.1

Area Median Income In East Jordan

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 East Jordan, the AMI is calculated from all households within Charlevoix County.

In East Jordan, HUD calculates the Area Median Income for a family of four as $65,400

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 East Jordan

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 East Jordan HUD Rental Assistance in East Jordan

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,750 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,200
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
80% of Median $36,650 $41,850 $47,100 $52,300 $56,500 $60,700 $64,900 $69,050
Low Income Housing Tax Credits in East Jordan

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

From 1989 to 2008, 3 low income apartment communities containing 41 rental apartments have been constructed and made affordable to low income persons in East Jordan 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 East Jordan

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
60% of Median $27,480 $31,440 $35,340 $39,240 $42,420 $45,540 $48,660 $51,840

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 East Jordan is $35,340 a year, or $2,945 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,945 by 30% to get a maximum rent of $884 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% $573 $614 $736 $851 $949 $1,047
60% $687 $737 $884 $1,021 $1,139 $1,256
Fair Market Rents in East Jordan

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
$521 $578 $750 $1,030 $1,284