Affordable Housing In Holly Township
Housing Authorities that serve Holly Township
|Detroit Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation; Family Unification Program (FUP)|
|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)|
|Ferndale Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Holly Township, Michigan
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Holly Township, Michigan.
Income Based Apartments in Holly Township, Michigan
Holly Township 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 Holly Township, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holly Township.
Housing Choice Vouchers in Holly Township, Michigan
On average, Section 8 Housing Choice vouchers pay Holly Township landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Holly Township.
The maximum amount a voucher would pay on behalf of a low-income tenant in Holly Township, Michigan for a two-bedroom apartment is between $944 and $1,154.
2021 Holly Township, 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|
|Holly Township, Michigan Fair Market Rent||$697||$821||$1,049||$1,344||$1,458|
|Holly Township, Michigan Payment Standard Range||$627 to $767||$739 to $903||$944 to $1,154||$1,210 to $1,478||$1,312 to $1,604|
Sourced from federal housing data and AffordableHousingOnline.com research.
Holly Township, 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|
Population and Household Demographics
Holly Township is a city in Oakland 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 Holly Township are renters.
Income and Rent Overburden in Holly Township
The median gross income for households in Holly Township is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Holly Township
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 Holly Township, the AMI is calculated from all households within Oakland County.
In Holly Township, HUD calculates the Area Median Income for a family of four as $80,000
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 Holly Township
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 Holly Township
|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 Holly Township AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Holly Township AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Holly Township AMI may qualify for rental assistance programs that target Low Income households.