Affordable Housing In Flat Rock
Monroe County, Michigan


Waiting List Openings In Flat Rock

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
Lucas Metropolitan Housing Authority Housing Choice Voucher Open Now

3 Low Income Apartment Communities In Flat Rock

Flat Rock Towers Co-op Senior Apartments

28744 Telegraph Road
Flat Rock, MI
Income Based
Studio-1 BR

Waters Edge of Flat Rock

27055 Riverside St
Flat Rock, MI
Subsidized

Silver Creek Apartments

25617 Valley Creek Dr
Flat Rock, MI
HCV Welcome
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There are 3 low income housing apartment complexes which contain 296 affordable apartments for rent in Flat Rock. Many of these rental apartments are income based housing with 88 apartments that set rent based on your income. In Flat Rock, HUD housing programs support 88 rental assistance apartments through programs like Project-based Section 8. There are 112 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Flat Rock

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)
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)
Lucas Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Flat Rock, Michigan

Flat Rock, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 296
Total Rent Assisted Apartments 88
Percentage of Housing Units Occupied By Renters 25.19%
Average Renter Household Size 2.41
Total Population 9,879
Housing Units 3,664
Average Household Size 2.69
Median Household Income $56,700 ±$8,574
Median Rent $742 ±$61
Percentage Of Renters Overburdened 58.83% ± 14.52pp

Population and Household Demographics

Flat Rock is a City in Monroe County, Michigan with a population of 9,879. There are 3,664 households in the city with an average household size of 2.69 persons. 25.19% of households in Flat Rock are renters.

Income and Rent Overburden in Flat Rock

The median gross income for households in Flat Rock is $56,700 a year, or $4,725 a month. The median rent for the city is $742 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Flat Rock, a household making less than $2,473 a month would be considered overburdened when renting an apartment at or above the median rent. 58.83% of households who rent are overburdened in Flat Rock.1

Area Median Income In Flat Rock

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 Flat Rock, the AMI is calculated from all households within Monroe County.

In Flat Rock, HUD calculates the Area Median Income for a family of four as $79,000

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 Flat Rock

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 Flat Rock HUD Rental Assistance in Flat Rock

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,600 $19,000 $21,350 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
80% of Median $44,250 $50,600 $56,900 $63,200 $68,300 $73,350 $78,400 $83,450
Low Income Housing Tax Credits in Flat Rock

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

From 1999 to 1999, 1 low income apartment communities containing 112 rental apartments have been constructed and made affordable to low income persons in Flat Rock 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 Flat Rock

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
60% of Median $33,180 $37,920 $42,660 $47,400 $51,240 $55,020 $58,800 $62,580

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 Flat Rock is $42,660 a year, or $3,555 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,555 by 30% to get a maximum rent of $1,067 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% $691 $741 $889 $1,028 $1,146 $1,264
60% $830 $889 $1,067 $1,233 $1,376 $1,517
Fair Market Rents in Flat Rock

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$649 $664 $874 $1,177 $1,181