Public Housing Agencies Serving Holt, 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.

Holt, Michigan Affordable Housing Data

Income Based Apartments in Holt, Michigan

Holt features 172 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 Holt, Michigan

There are 66 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holt.

Housing Choice Vouchers in Holt, Michigan

On average, Section 8 Housing Choice vouchers pay Holt landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Holt.

The maximum amount a voucher would pay on behalf of a low-income tenant in Holt, Michigan for a two-bedroom apartment is between $957 and $1,169.

2023 Holt, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Holt, MI Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	323
Total Housing Units with Rental Assistance	172
Percentage of Housing Units Occupied By Renters	27.66%
Average Renter Household Size	2.02
Average Household Size	2.47
Median Household Income	$59,813 ±$4,837
Median Rent	$853 ±$63
Percentage Of Renters Overburdened	51% ± 8.51pp
Total Population	24,289

Population and Household Demographics

Holt is a city in Ingham County, Michigan with a population of 24,289. There are 9,789 households in the city with an average household size of 2.47 persons. 27.66% of households in Holt are renters.

Income and Rent Overburden in Holt

The median gross income for households in Holt is $59,813 a year, or $4,984 a month. The median rent for the city is $853 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Holt, a household making less than $2,843 a month would be considered overburdened when renting an apartment at or above the median rent. 51% of households who rent are overburdened in Holt.

Area Median Income In Holt

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 Holt, the AMI is calculated from all households within Ingham County.

In Holt, HUD calculates the Area Median Income for a family of four as $97,800

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 Holt

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 Holt