Affordable Housing In Riverview
Wayne County, Michigan


Waiting List Openings In Riverview

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

3 Low Income Apartment Communities In Riverview

Riverview Co-op Senior Apartments

13333 Pennsylvania Rd
Riverview, MI
Income Based
1 BR
Subsidized

Rivergreen Apartments

17133 Rivergreen Blvd
Riverview, MI
Subsidized

Riverview American House ( Forest Grove )

20320 Fort St
Riverview, MI
HCV Welcome
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There are 3 low income housing apartment complexes which contain 400 affordable apartments for rent in Riverview. Many of these rental apartments are income based housing with 251 apartments that set rent based on your income. In Riverview, HUD housing programs support 251 rental assistance apartments through programs like Project-based Section 8. There are 149 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Riverview

Housing Authority Programs
Detroit 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; Section 8 Project-Based Voucher (PBV); Veteran Affairs Supportive Housing (VASH)
River Rouge Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing
Plymouth Housing Commission Section 8 Housing Choice Voucher (HCV); Rental Assistance Demonstration (RAD); Family Self-sufficiency; Public Housing; Family Unification Program (FUP)
Ferndale Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Riverview, Michigan

Riverview, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 400
Total Rent Assisted Apartments 251
Percentage of Housing Units Occupied By Renters 37.26%
Average Renter Household Size 2.12
Total Population 12,266
Housing Units 4,930
Average Household Size 2.37
Median Household Income $49,796 ±$5,337
Median Rent $690 ±$37
Percentage Of Renters Overburdened 47.36% ± 7.94pp

Population and Household Demographics

Riverview is a City in Wayne County, Michigan with a population of 12,266. There are 4,930 households in the city with an average household size of 2.37 persons. 37.26% of households in Riverview are renters.

Income and Rent Overburden in Riverview

The median gross income for households in Riverview is $49,796 a year, or $4,150 a month. The median rent for the city is $690 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Riverview, a household making less than $2,300 a month would be considered overburdened when renting an apartment at or above the median rent. 47.36% of households who rent are overburdened in Riverview.1

Area Median Income In Riverview

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 Riverview, the AMI is calculated from all households within Wayne County.

In Riverview, HUD calculates the Area Median Income for a family of four as $76,300

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 Riverview

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 Riverview HUD Rental Assistance in Riverview

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600
Low Income Housing Tax Credits in Riverview

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1999 to 2003, 2 low income apartment communities containing 141 rental apartments have been constructed and made affordable to low income persons in Riverview by the Low Income Housing Tax Credit Program.

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 Riverview

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
60% of Median $32,100 $36,660 $41,220 $45,780 $49,500 $53,160 $56,820 $60,480

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 Riverview is $41,220 a year, or $3,435 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,435 by 30% to get a maximum rent of $1,031 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% $669 $716 $859 $993 $1,108 $1,222
60% $803 $860 $1,031 $1,191 $1,329 $1,466
Fair Market Rents in Riverview

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$621 $753 $967 $1,261 $1,371