Affordable Housing In Negaunee
Marquette County, Michigan

1 Low Income Apartment Communities In Negaunee

Lakeview Apartments

98 Croix St
Negaunee, MI
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Housing Authorities that serve Negaunee

Housing Authority Programs
Negaunee Housing Commission Public Housing
Marquette Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing
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 Negaunee, Michigan

There are 1 low income housing apartment communities offering 80 affordable apartments for rent in Negaunee, Michigan. Negaunee features 80 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Negaunee.

Sourced from federal housing data and AffordableHousingOnline.com research.

Negaunee, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 80
Percentage of Housing Units Occupied By Renters 28.26%
Average Renter Household Size 1.90
Average Household Size 2.43
Median Household Income $49,068 ±$4,369
Median Rent $554 ±$32
Percentage Of Renters Overburdened 41.33% ± 12.05pp
Total Population 4,609

Population and Household Demographics

Negaunee is a City in Marquette County, Michigan with a population of 4,609. There are 1,858 households in the city with an average household size of 2.43 persons. 28.26% of households in Negaunee are renters.

Income and Rent Overburden in Negaunee

The median gross income for households in Negaunee is $49,068 a year, or $4,089 a month. The median rent for the city is $554 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Negaunee, a household making less than $1,847 a month would be considered overburdened when renting an apartment at or above the median rent. 41.33% of households who rent are overburdened in Negaunee.1

Area Median Income In Negaunee

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 Negaunee, the AMI is calculated from all households within Marquette County.

In Negaunee, HUD calculates the Area Median Income for a family of four as $73,500

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 Negaunee

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 Negaunee HUD Rental Assistance in Negaunee

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% of Median $38,750 $44,250 $49,800 $55,300 $59,750 $64,150 $68,600 $73,000

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Negaunee

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
60% of Median $29,100 $33,240 $37,380 $41,520 $44,880 $48,180 $51,540 $54,840

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Negaunee is $37,380 a year, or $3,115 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,115 by 30% to get a maximum rent of $935 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $606 $649 $779 $900 $1,004 $1,108
60% $728 $779 $935 $1,080 $1,205 $1,330
Fair Market Rents in Negaunee

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$491 $572 $753 $938 $1,068