Affordable Housing In Orchard Lake Village
Waiting List Openings In Orchard Lake Village
|Michigan State Housing Development Authority Housing Choice Voucher||Open Soon|
Housing Authorities that serve Orchard Lake Village
|Detroit Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation; Family Unification Program (FUP)|
|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)|
|Ferndale Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Orchard Lake Village, Michigan
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Orchard Lake Village, Michigan.
Income Based Apartments in Orchard Lake Village, Michigan
Orchard Lake Village 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 Orchard Lake Village, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Orchard Lake Village.
Housing Choice Vouchers in Orchard Lake Village, Michigan
On average, Section 8 Housing Choice vouchers pay Orchard Lake Village landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Orchard Lake Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in Orchard Lake Village, Michigan for a two-bedroom apartment is between $944 and $1,154.
2021 Orchard Lake Village, 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|
|Orchard Lake Village, Michigan Fair Market Rent||$697||$821||$1,049||$1,344||$1,458|
|Orchard Lake Village, Michigan Payment Standard Range||$627 to $767||$739 to $903||$944 to $1,154||$1,210 to $1,478||$1,312 to $1,604|
Sourced from federal housing data and AffordableHousingOnline.com research.
Orchard Lake Village, 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||2.36%|
|Average Renter Household Size||3.37|
|Average Household Size||3.01|
|Median Household Income||$148,750 ±$21,312|
|Median Rent||$2,525 ±$306|
|Percentage Of Renters Overburdened||26.32% ± 96.1pp|
Population and Household Demographics
Orchard Lake Village is a city in Oakland County, Michigan with a population of 2,488. There are 805 households in the city with an average household size of 3.01 persons. 2.36% of households in Orchard Lake Village are renters.
Income and Rent Overburden in Orchard Lake Village
The median gross income for households in Orchard Lake Village is $148,750 a year, or $12,396 a month. The median rent for the city is $2,525 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Orchard Lake Village, a household making less than $8,417 a month would be considered overburdened when renting an apartment at or above the median rent. 26.32% of households who rent are overburdened in Orchard Lake Village.
Area Median Income In Orchard Lake Village
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 Orchard Lake Village, the AMI is calculated from all households within Oakland County.
In Orchard Lake Village, HUD calculates the Area Median Income for a family of four as $78,500
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 Orchard Lake Village
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 Orchard Lake Village
|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 Orchard Lake Village AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Orchard Lake Village AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Orchard Lake Village AMI may qualify for rental assistance programs that target Low Income households.