Affordable Housing In Grand Ledge
Clinton County, Michigan


Waiting List Openings In Grand Ledge

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

2 Low Income Apartment Communities In Grand Ledge

Serenity Place

216 S Clinton St
Grand Ledge, MI
Subsidized

Riverwalk Apartments

101 Perry St
Grand Ledge, MI
HCV Welcome
  • «
  • 1
  • »

There are 2 low income housing apartment complexes which contain 150 affordable apartments for rent in Grand Ledge. Many of these rental apartments are income based housing with 100 apartments that set rent based on your income. In Grand Ledge, HUD housing programs support 100 rental assistance apartments through programs like Project-based Section 8. There are 50 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Grand Ledge

Housing Authority Programs
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Section 8 Project-Based Voucher (PBV); Veteran Affairs Supportive Housing (VASH)
Housing Services Mid Michigan Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Lansing Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Grand Ledge, Michigan

Grand Ledge, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 150
Total Rent Assisted Apartments 100
Percentage of Housing Units Occupied By Renters 39.05%
Average Renter Household Size 1.92
Total Population 7,792
Housing Units 3,478
Average Household Size 2.24
Median Household Income $50,685 ±$3,630
Median Rent $705 ±$31
Percentage Of Renters Overburdened 47.94% ± 10.14pp

Population and Household Demographics

Grand Ledge is a City in Clinton County, Michigan with a population of 7,792. There are 3,478 households in the city with an average household size of 2.24 persons. 39.05% of households in Grand Ledge are renters.

Income and Rent Overburden in Grand Ledge

The median gross income for households in Grand Ledge is $50,685 a year, or $4,224 a month. The median rent for the city is $705 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grand Ledge, a household making less than $2,350 a month would be considered overburdened when renting an apartment at or above the median rent. 47.94% of households who rent are overburdened in Grand Ledge.1

Area Median Income In Grand Ledge

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

In Grand Ledge, HUD calculates the Area Median Income for a family of four as $74,300

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 Grand Ledge

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 Grand Ledge HUD Rental Assistance in Grand Ledge

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,650 $17,850 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,050 $29,750 $33,450 $37,150 $40,150 $43,100 $46,100 $49,050
80% of Median $41,650 $47,600 $53,550 $59,450 $64,250 $69,000 $73,750 $78,500
Low Income Housing Tax Credits in Grand Ledge

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

From 1987 to 1987, 1 low income apartment communities containing 10 rental apartments have been constructed and made affordable to low income persons in Grand Ledge 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 Grand Ledge

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,050 $29,750 $33,450 $37,150 $40,150 $43,100 $46,100 $49,050
60% of Median $31,260 $35,700 $40,140 $44,580 $48,180 $51,720 $55,320 $58,860

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 Grand Ledge is $40,140 a year, or $3,345 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,345 by 30% to get a maximum rent of $1,004 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% $651 $698 $836 $966 $1,078 $1,189
60% $782 $837 $1,004 $1,160 $1,293 $1,427
Fair Market Rents in Grand Ledge

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
$660 $730 $908 $1,201 $1,345