Affordable Housing In East Jordan
Waiting List Openings In East Jordan
|Michigan State Housing Development Authority Housing Choice Voucher||Open Now|
3 Low Income Apartment Communities In East Jordan
Housing Authorities that serve East Jordan
|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
There are 3 low income housing apartment communities offering 132 affordable apartments for rent in East Jordan, Michigan.
Income Based Apartments in East Jordan, Michigan
East Jordan features 132 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 East Jordan, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in East Jordan.
Housing Choice Vouchers in East Jordan, Michigan
On average, Section 8 Housing Choice vouchers pay East Jordan landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in East Jordan.
The maximum amount a voucher would pay on behalf of a low-income tenant in East Jordan, Michigan for a two-bedroom apartment is between $675 and $825.
2020 East Jordan, 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|
|Fair Market Rent||$521||$578||$750||$1,030||$1,284|
|Payment Standard Range||$469 to $573||$520 to $636||$675 to $825||$927 to $1,133||$1,156 to $1,412|
Sourced from federal housing data and AffordableHousingOnline.com research.
East Jordan, MI Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||132|
|Total Housing Units with Rental Assistance||132|
|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|
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.
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 $68,400
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 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||$14,350||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$23,950||$27,400||$30,800||$34,200||$36,950||$39,700||$42,450||$45,150|
|80% of Median||$38,300||$43,800||$49,250||$54,700||$59,100||$63,500||$67,850||$72,250|