Affordable Housing In Lakewood Club
Muskegon County, Michigan

Housing Authorities that serve Lakewood Club

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)
Muskegon Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lakewood Club, Michigan

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Lakewood Club, Michigan.

Income Based Apartments in Lakewood Club, Michigan

Lakewood Club 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 Lakewood Club, Michigan

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakewood Club.

Housing Choice Vouchers in Lakewood Club, Michigan

On average, Section 8 Housing Choice vouchers pay Lakewood Club landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakewood Club.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakewood Club, Michigan for a two-bedroom apartment is between $743 and $908.

2021 Lakewood Club, 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
Lakewood Club, Michigan Fair Market Rent $593 $626 $825 $1,069 $1,119
Lakewood Club, Michigan Payment Standard Range $534 to $652 $563 to $689 $743 to $908 $962 to $1,176 $1,007 to $1,231

Sourced from federal housing data and AffordableHousingOnline.com research.

Lakewood Club, 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 11.28%
Average Renter Household Size 2.76
Average Household Size 2.72
Median Household Income $49,375 ±$8,931
Median Rent $633 ±$332
Percentage Of Renters Overburdened 45.1% ± 44.7pp
Total Population 1,230

Population and Household Demographics

Lakewood Club is a city in Muskegon County, Michigan with a population of 1,230. There are 452 households in the city with an average household size of 2.72 persons. 11.28% of households in Lakewood Club are renters.

Income and Rent Overburden in Lakewood Club

The median gross income for households in Lakewood Club is $49,375 a year, or $4,115 a month. The median rent for the city is $633 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lakewood Club, a household making less than $2,110 a month would be considered overburdened when renting an apartment at or above the median rent. 45.1% of households who rent are overburdened in Lakewood Club.

Area Median Income In Lakewood Club

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 Lakewood Club, the AMI is calculated from all households within Muskegon County.

In Lakewood Club, HUD calculates the Area Median Income for a family of four as $64,000

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 Lakewood Club

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 Lakewood Club

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 Lakewood Club AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,550 $17,420 $21,960 $26,500 $31,040 $35,580 $40,000 $42,600
50% AMI Income Limits
Renters earning up to 50% of the Lakewood Club AMI may qualify for rental assistance programs that target Very Low Income households.
$22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% AMI Income Limits
Renters earning up to 80% of the Lakewood Club AMI may qualify for rental assistance programs that target Low Income households.
$36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150