Affordable Housing In Twin Lake
Muskegon County, Michigan

2 Low Income Apartment Communities In Twin Lake

Blue Lakes Residences, Lp

7190 Progress Rd
Twin Lake, Michigan
Income Based
2-4 BR
Subsidized

Creekwood Housing

2190 E Creekwood Dr
Twin Lake, Michigan
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Housing Authorities that serve Twin Lake

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)
Muskegon Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Twin Lake, Michigan

There are 2 low income housing apartment communities offering 414 affordable apartments for rent in Twin Lake, Michigan.

Income Based Apartments in Twin Lake, Michigan

Twin Lake features 70 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 Twin Lake, Michigan

There are 344 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Twin Lake.

Housing Choice Vouchers in Twin Lake, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Twin Lake, Michigan for a two-bedroom apartment is between $743 and $908.

2021 Twin Lake, 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
Twin Lake, Michigan Fair Market Rent $593 $626 $825 $1,069 $1,119
Twin Lake, 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.

Twin Lake, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 414
Total Housing Units with Rental Assistance 70
Percentage of Housing Units Occupied By Renters 6.78%
Average Renter Household Size 1.76
Average Household Size 2.61
Median Household Income $61,802 ±$7,893
Median Rent $0 ±$0
Percentage Of Renters Overburdened 20% ± 37.46pp
Total Population 1,928

Population and Household Demographics

Twin Lake is a city in Muskegon County, Michigan with a population of 1,928. There are 738 households in the city with an average household size of 2.61 persons. 6.78% of households in Twin Lake are renters.

Income and Rent Overburden in Twin Lake

The median gross income for households in Twin Lake is $61,802 a year, or $5,150 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Twin Lake, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 20% of households who rent are overburdened in Twin Lake.

Area Median Income In Twin Lake

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 Twin Lake, the AMI is calculated from all households within Muskegon County.

In Twin Lake, 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 Twin Lake

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 Twin Lake

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30% AMI Income Limits
Renters earning up to 30% of the Twin Lake AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,550 $17,420 $21,960 $26,500 $31,040 $35,580 $40,000 $42,600
50% AMI Income Limits
Renters earning up to 50% of the Twin Lake AMI may qualify for rental assistance programs that target Very Low Income households.
$22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% AMI Income Limits
Renters earning up to 80% of the Twin Lake AMI may qualify for rental assistance programs that target Low Income households.
$36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150