Affordable Housing In Roosevelt Park
Housing Authorities that serve Roosevelt Park
|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 Roosevelt Park, Michigan
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Roosevelt Park, Michigan.
Income Based Apartments in Roosevelt Park, Michigan
Roosevelt Park 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 Roosevelt Park, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Roosevelt Park.
Housing Choice Vouchers in Roosevelt Park, Michigan
On average, Section 8 Housing Choice vouchers pay Roosevelt Park landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Roosevelt Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Roosevelt Park, Michigan for a two-bedroom apartment is between $743 and $908.
2021 Roosevelt Park, 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|
|Roosevelt Park, Michigan Fair Market Rent||$593||$626||$825||$1,069||$1,119|
|Roosevelt Park, 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.
Roosevelt Park, 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||37.24%|
|Average Renter Household Size||2.01|
|Average Household Size||2.25|
|Median Household Income||$41,938 ±$6,311|
|Median Rent||$680 ±$24|
|Percentage Of Renters Overburdened||59.27% ± 19.78pp|
Population and Household Demographics
Roosevelt Park is a city in Muskegon County, Michigan with a population of 3,819. There are 1,681 households in the city with an average household size of 2.25 persons. 37.24% of households in Roosevelt Park are renters.
Income and Rent Overburden in Roosevelt Park
The median gross income for households in Roosevelt Park is $41,938 a year, or $3,495 a month. The median rent for the city is $680 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Roosevelt Park, a household making less than $2,267 a month would be considered overburdened when renting an apartment at or above the median rent. 59.27% of households who rent are overburdened in Roosevelt Park.
Area Median Income In Roosevelt Park
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 Roosevelt Park, the AMI is calculated from all households within Muskegon County.
In Roosevelt Park, 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 Roosevelt Park
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 Roosevelt Park
|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 Roosevelt Park AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Roosevelt Park AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Roosevelt Park AMI may qualify for rental assistance programs that target Low Income households.