Affordable Housing In Fairbanks
Delta County, Michigan

Affordable Housing programs support 0 income based apartments in Fairbanks where households pay rent based on how much they earn.

There are 0 affordable apartments in Fairbanks that offer reduced rents to low-income households.

Waiting Lists in Fairbanks, Michigan

There are no open Section 8 Housing Choice Voucher waiting lists in Fairbanks. Go to the Michigan Section 8 Waiting Lists page for openings near Fairbanks.

Affordable Housing Near Fairbanks

View affordable apartments and waiting lists in cities near Fairbanks

City Apartments
Affordable Housing In Baldwin, MI Affordable Housing programs support 4 apartment communities in Baldwin.
Affordable Housing In Escanaba, MI Affordable Housing programs support 12 apartment communities in Escanaba.
Affordable Housing In Gladstone, MI Affordable Housing programs support 4 apartment communities in Gladstone.

Public Housing Agencies Serving Fairbanks, Michigan

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Waiting lists for project-based assistance, like the Public Housing program, are open:

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)
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Fairbanks.

Fairbanks, Michigan Affordable Housing Data

Income Based Apartments in Fairbanks, Michigan

Fairbanks 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 Fairbanks, Michigan

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

Housing Choice Vouchers in Fairbanks, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fairbanks, Michigan for a two-bedroom apartment is between $743 and $909.

2023 Fairbanks, 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
Fairbanks, Michigan Fair Market Rent $623 $628 $826 $1,103 $1,407
Fairbanks, Michigan Payment Standard Range $561 to $685 $565 to $691 $743 to $909 $993 to $1,213 $1,266 to $1,548

Sourced from federal housing data and AffordableHousingOnline.com research.

Fairbanks, 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

Fairbanks is a city in Delta 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 Fairbanks are renters.

Income and Rent Overburden in Fairbanks

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

Area Median Income In Fairbanks

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 Fairbanks, the AMI is calculated from all households within Delta County.

In Fairbanks, HUD calculates the Area Median Income for a family of four as $66,300

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 Fairbanks

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 Fairbanks

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 Fairbanks AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,050 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Fairbanks AMI may qualify for rental assistance programs that target Very Low Income households.
$25,050 $28,600 $32,200 $35,750 $38,650 $41,500 $44,350 $47,200
80% AMI Income Limits
Renters earning up to 80% of the Fairbanks AMI may qualify for rental assistance programs that target Low Income households.
$40,050 $45,800 $51,500 $57,200 $61,800 $66,400 $70,950 $75,550