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Affordable Housing In Iosco County
Michigan


Waiting List Openings In Iosco County

Waiting ListStatus
Michigan State Housing Development Authority Housing Choice Voucher Open Soon

11 Low Income Apartment Communities In Iosco County

Aldersgate I & II

1100 Killmaster Drive
Oscoda, Michigan
Income Based
1-3 BR
Subsidized

Maple Tree Apartments CO Gardner Mgmt

400 Grant St
East Tawas, Michigan
$469-517
1-3 BR
Subsidized

Huron Beach Apartments

111 Pack Dr
Oscoda, Michigan
Call For Rent
1-2 BR
Subsidized

Old Mill Apartments

86 S 3rd St
Sand Lake, Michigan
Subsidized

Bay Park Towers North

109 Church St
East Tawas, Michigan
Subsidized

Harbor Pointe Apartments

1055 E Lincoln St
East Tawas, Michigan

Mildred Houting Leisure Acres

35 E Maple St
Sand Lake, Michigan
Subsidized

Gull Pointe Apartments

4363 Budziak Rd
Oscoda, Michigan
Subsidized

Oscoda Shores Apartments

5035 Cedar Lake Rd
Oscoda, Michigan
Subsidized

Bay Park Towers

304 W Bay St
East Tawas, Michigan

Housing Authorities that serve Iosco County

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)

Guide To Affordable Housing in Iosco County, Michigan

There are 11 low income housing apartment communities offering 572 affordable apartments for rent in Iosco County, Michigan.

Income Based Apartments in Iosco County, Michigan

Iosco County features 548 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 Iosco County, Michigan

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iosco County.

Housing Choice Vouchers in Iosco County, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Iosco County, Michigan for a two-bedroom apartment is between $661 and $807.

2021 Iosco County, 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
Iosco County, Michigan Fair Market Rent $578 $644 $734 $980 $1,271
Iosco County, Michigan Payment Standard Range $520 to $636 $580 to $708 $661 to $807 $882 to $1,078 $1,144 to $1,398

Sourced from federal housing data and AffordableHousingOnline.com research.

Iosco County, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 572
Total Housing Units with Rental Assistance 548
Percentage of Housing Units Occupied By Renters 19.85%
Average Renter Household Size 2.26
Average Household Size 2.20
Median Household Income $37,317 ±$1,289
Median Rent $581 ±$14
Percentage Of Renters Overburdened 38.19% ± 5.51pp
Total Population 25,401

Population and Household Demographics

Iosco County is a county in Michigan with a population of 25,401. There are 11,343 households in the county with an average household size of 2.20 persons. 19.85% of households in Iosco County are renters.

Income and Rent Overburden in Iosco County

The median gross income for households in Iosco County is $37,317 a year, or $3,110 a month. The median rent for the county is $581 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iosco County, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 38.19% of households who rent are overburdened in Iosco County.

Area Median Income In Iosco County

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.

In Iosco County, HUD calculates the Area Median Income for a family of four as $52,800

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 Iosco County

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 Iosco County

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 Iosco County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,450 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,200
50% AMI Income Limits
Renters earning up to 50% of the Iosco County AMI may qualify for rental assistance programs that target Very Low Income households.
$22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% AMI Income Limits
Renters earning up to 80% of the Iosco County AMI may qualify for rental assistance programs that target Low Income households.
$35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500

Cities In Iosco County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Alabaster The HUD funded Public Housing Agency that serves Alabaster is the Michigan State Housing Development Authority.
Au Sable The HUD funded Public Housing Agency that serves Au Sable is the Michigan State Housing Development Authority.
Au Sable Township The HUD funded Public Housing Agency that serves Au Sable Township is the Michigan State Housing Development Authority.
Baldwin The HUD funded Public Housing Agency that serves Baldwin is the Michigan State Housing Development Authority.
Burleigh The HUD funded Public Housing Agency that serves Burleigh is the Michigan State Housing Development Authority.
East Tawas The HUD funded Public Housing Agencies that serve East Tawas are the East Tawas Housing Commission and Michigan State Housing Development Authority.
Grant The HUD funded Public Housing Agency that serves Grant is the Michigan State Housing Development Authority.
Oscoda The HUD funded Public Housing Agency that serves Oscoda is the Michigan State Housing Development Authority.
Oscoda Township The HUD funded Public Housing Agency that serves Oscoda Township is the Michigan State Housing Development Authority.
Plainfield The HUD funded Public Housing Agency that serves Plainfield is the Michigan State Housing Development Authority.
Reno The HUD funded Public Housing Agency that serves Reno is the Michigan State Housing Development Authority.
Sand Lake The HUD funded Public Housing Agency that serves Sand Lake is the Michigan State Housing Development Authority.
Sherman The HUD funded Public Housing Agency that serves Sherman is the Michigan State Housing Development Authority.
Tawas The HUD funded Public Housing Agency that serves Tawas is the Michigan State Housing Development Authority.
Tawas City The HUD funded Public Housing Agency that serves Tawas City is the Michigan State Housing Development Authority.
Whittemore The HUD funded Public Housing Agency that serves Whittemore is the Michigan State Housing Development Authority.
Wilber The HUD funded Public Housing Agency that serves Wilber is the Michigan State Housing Development Authority.