Affordable Housing In Gagetown
1 Low Income Apartment Communities In Gagetown
Section 8 Vouchers, Apartments, and Waiting Lists in Gagetown, 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.
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.
Public Housing Agencies Serving Gagetown, Michigan
|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 Gagetown, Michigan
There are 1 low income housing apartment communities offering 12 affordable apartments for rent in Gagetown, Michigan.
Income Based Apartments in Gagetown, Michigan
Gagetown features 12 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 Gagetown, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gagetown.
Housing Choice Vouchers in Gagetown, Michigan
On average, Section 8 Housing Choice vouchers pay Gagetown landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gagetown.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gagetown, Michigan for a two-bedroom apartment is between $681 and $833.
2022 Gagetown, 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|
|Gagetown, Michigan Fair Market Rent||$524||$626||$757||$1,050||$1,108|
|Gagetown, Michigan Payment Standard Range||$472 to $576||$563 to $689||$681 to $833||$945 to $1,155||$997 to $1,219|
Sourced from federal housing data and AffordableHousingOnline.com research.
Gagetown, MI Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||12|
|Total Housing Units with Rental Assistance||12|
|Percentage of Housing Units Occupied By Renters||32.21%|
|Average Renter Household Size||2.71|
|Average Household Size||2.40|
|Median Household Income||$31,094 ±$9,658|
|Median Rent||$542 ±$79|
|Percentage Of Renters Overburdened||54.17% ± 34.17pp|
Population and Household Demographics
Gagetown is a city in Tuscola County, Michigan with a population of 357. There are 149 households in the city with an average household size of 2.40 persons. 32.21% of households in Gagetown are renters.
Income and Rent Overburden in Gagetown
The median gross income for households in Gagetown is $31,094 a year, or $2,591 a month. The median rent for the city is $542 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gagetown, a household making less than $1,807 a month would be considered overburdened when renting an apartment at or above the median rent. 54.17% of households who rent are overburdened in Gagetown.
Area Median Income In Gagetown
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 Gagetown, the AMI is calculated from all households within Tuscola County.
In Gagetown, HUD calculates the Area Median Income for a family of four as $60,300
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 Gagetown
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 Gagetown
|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 Gagetown AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Gagetown AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Gagetown AMI may qualify for rental assistance programs that target Low Income households.