Affordable Housing In Sheridan
Clare County, Michigan

Affordable Housing programs support 24 income based apartments in Sheridan where households pay rent based on how much they earn.

There are 48 affordable apartments in Sheridan that offer reduced rents to low-income households.

Waiting Lists in Sheridan, Michigan

There are no open Section 8 Housing Choice Voucher waiting lists in Sheridan. Go to the Michigan Section 8 Waiting Lists page for openings near Sheridan.

Sheridan Park Apartments

604 E Eisenhower St
Sheridan, Michigan
Rent Assisted

Pearl Lake Apartments CO Gardner Mgmt

421 Balderson St
Sheridan, Michigan
Affordable
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Affordable Housing Near Sheridan

View affordable apartments and waiting lists in cities near Sheridan

City Apartments
Affordable Housing In Clare, MI Affordable Housing programs support 7 apartment communities in Clare.
Affordable Housing In Farwell, MI Affordable Housing programs support 2 apartment communities in Farwell.
Affordable Housing In Grant, MI Affordable Housing programs support 2 apartment communities in Grant.
Affordable Housing In Harrison, MI Affordable Housing programs support 7 apartment communities in Harrison.

Public Housing Agencies Serving Sheridan, Michigan

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
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)
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Sheridan.

Sheridan, Michigan Affordable Housing Data

Income Based Apartments in Sheridan, Michigan

Sheridan features 24 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 Sheridan, Michigan

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sheridan.

Housing Choice Vouchers in Sheridan, Michigan

On average, Section 8 Housing Choice vouchers pay Sheridan landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sheridan.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sheridan, Michigan for a two-bedroom apartment is between $743 and $909.

2023 Sheridan, 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
Sheridan, Michigan Fair Market Rent $571 $628 $826 $1,084 $1,371
Sheridan, Michigan Payment Standard Range $514 to $628 $565 to $691 $743 to $909 $976 to $1,192 $1,234 to $1,508

Sourced from federal housing data and AffordableHousingOnline.com research.

Sheridan, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 72
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Sheridan is a city in Clare County, Michigan with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Sheridan are renters.

Income and Rent Overburden in Sheridan

The median gross income for households in Sheridan is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Sheridan

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 Sheridan, the AMI is calculated from all households within Clare County.

In Sheridan, HUD calculates the Area Median Income for a family of four as $54,100

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 Sheridan

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 Sheridan

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 Sheridan AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,050 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Sheridan AMI may qualify for rental assistance programs that target Very Low Income households.
$25,050 $28,600 $32,200 $35,750 $38,650 $41,500 $44,350 $47,200
80% AMI Income Limits
Renters earning up to 80% of the Sheridan AMI may qualify for rental assistance programs that target Low Income households.
$40,050 $45,800 $51,500 $57,200 $61,800 $66,400 $70,950 $75,550