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Affordable Housing In Elsie
Clinton County, Michigan

2 Low Income Apartment Communities In Elsie

Elsie Meadows Apartments

202 N Park Ave
Elsie, Michigan
Subsidized
62+
Accessible

Sandstone Apartments Kmg Prestige, Inc

403 N Ovid St
Elsie, Michigan
Subsidized
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Housing Authorities that serve Elsie

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)
Housing Services Mid Michigan Section 8 Housing Choice Voucher (HCV); Mainstream Voucher

Guide To Affordable Housing in Elsie, Michigan

There are 2 low income housing apartment communities offering 32 affordable apartments for rent in Elsie, Michigan.

Income Based Apartments in Elsie, Michigan

Elsie features 32 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 Elsie, Michigan

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

Housing Choice Vouchers in Elsie, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elsie, Michigan for a two-bedroom apartment is between $804 and $982.

2020 Elsie, 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 $682 $722 $893 $1,168 $1,280
Payment Standard Range $614 to $750 $650 to $794 $804 to $982 $1,051 to $1,285 $1,152 to $1,408

Sourced from federal housing data and AffordableHousingOnline.com research.

Elsie, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 32
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 21.98%
Average Renter Household Size 2.56
Average Household Size 2.65
Median Household Income $41,250 ±$2,762
Median Rent $595 ±$64
Percentage Of Renters Overburdened 29.21% ± 18.56pp
Total Population 1,080

Population and Household Demographics

Elsie is a city in Clinton County, Michigan with a population of 1,080. There are 405 households in the city with an average household size of 2.65 persons. 21.98% of households in Elsie are renters.

Income and Rent Overburden in Elsie

The median gross income for households in Elsie is $41,250 a year, or $3,438 a month. The median rent for the city is $595 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elsie, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 29.21% of households who rent are overburdened in Elsie.

Area Median Income In Elsie

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 Elsie, the AMI is calculated from all households within Clinton County.

In Elsie, HUD calculates the Area Median Income for a family of four as $80,700

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 Elsie

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 Elsie

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,850 $19,250 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $28,100 $32,100 $36,100 $40,100 $43,350 $46,550 $49,750 $52,950
80% of Median $44,950 $51,350 $57,750 $64,150 $69,300 $74,450 $79,550 $84,700