Affordable Housing In Montcalm County
27 Low Income Apartment Communities In Montcalm County
Housing Authorities that serve Montcalm County
|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)|
|Montcalm County Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Montcalm County, Michigan
There are 27 low income housing apartment communities offering 1,324 affordable apartments for rent in Montcalm County, Michigan.
Income Based Apartments in Montcalm County, Michigan
Montcalm County features 771 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 Montcalm County, Michigan
There are 553 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montcalm County.
Housing Choice Vouchers in Montcalm County, Michigan
On average, Section 8 Housing Choice vouchers pay Montcalm County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Montcalm County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montcalm County, Michigan for a two-bedroom apartment is between $711 and $869.
2021 Montcalm 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|
|Montcalm County, Michigan Fair Market Rent||$634||$643||$790||$1,009||$1,301|
|Montcalm County, Michigan Payment Standard Range||$571 to $697||$579 to $707||$711 to $869||$908 to $1,110||$1,171 to $1,431|
Sourced from federal housing data and AffordableHousingOnline.com research.
Montcalm County, MI Affordable Housing Snapshot
|Total Affordable Apartment Properties||27|
|Total Low Income Apartments||1,324|
|Total Housing Units with Rental Assistance||771|
|Percentage of Housing Units Occupied By Renters||20.94%|
|Average Renter Household Size||2.67|
|Average Household Size||2.59|
|Median Household Income||$41,584 ±$1,204|
|Median Rent||$692 ±$24|
|Percentage Of Renters Overburdened||43.95% ± 4.51pp|
Population and Household Demographics
Montcalm County is a county in Michigan with a population of 63,004. There are 23,284 households in the county with an average household size of 2.59 persons. 20.94% of households in Montcalm County are renters.
Income and Rent Overburden in Montcalm County
The median gross income for households in Montcalm County is $41,584 a year, or $3,465 a month. The median rent for the county is $692 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montcalm County, a household making less than $2,307 a month would be considered overburdened when renting an apartment at or above the median rent. 43.95% of households who rent are overburdened in Montcalm County.
Area Median Income In Montcalm 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 Montcalm County, HUD calculates the Area Median Income for a family of four as $57,300
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 Montcalm 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 Montcalm 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 Montcalm County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Montcalm County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Montcalm County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Montcalm County
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