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Affordable Housing In Wolverine Lake
Oakland County, Michigan

Housing Authorities that serve Wolverine Lake

Housing Authority Programs
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 Wolverine Lake, Michigan

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Wolverine Lake, Michigan.

Income Based Apartments in Wolverine Lake, Michigan

Wolverine Lake 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 Wolverine Lake, Michigan

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wolverine Lake.

Housing Choice Vouchers in Wolverine Lake, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wolverine Lake, Michigan for a two-bedroom apartment is between $944 and $1,154.

2021 Wolverine 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
Wolverine Lake, Michigan Fair Market Rent $697 $821 $1,049 $1,344 $1,458
Wolverine Lake, 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.

Wolverine Lake, 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 20.74%
Average Renter Household Size 2.13
Average Household Size 2.42
Median Household Income $76,125 ±$7,978
Median Rent $860 ±$207
Percentage Of Renters Overburdened 45.45% ± 16.98pp
Total Population 4,372

Population and Household Demographics

Wolverine Lake is a city in Oakland County, Michigan with a population of 4,372. There are 1,803 households in the city with an average household size of 2.42 persons. 20.74% of households in Wolverine Lake are renters.

Income and Rent Overburden in Wolverine Lake

The median gross income for households in Wolverine Lake is $76,125 a year, or $6,344 a month. The median rent for the city is $860 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wolverine Lake, a household making less than $2,867 a month would be considered overburdened when renting an apartment at or above the median rent. 45.45% of households who rent are overburdened in Wolverine Lake.

Area Median Income In Wolverine 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 Wolverine Lake, the AMI is calculated from all households within Oakland County.

In Wolverine Lake, HUD calculates the Area Median Income for a family of four as $80,000

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 Wolverine 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 Wolverine Lake

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 Wolverine Lake AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,800 $19,200 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Wolverine Lake AMI may qualify for rental assistance programs that target Very Low Income households.
$28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
80% AMI Income Limits
Renters earning up to 80% of the Wolverine Lake AMI may qualify for rental assistance programs that target Low Income households.
$44,800 $51,200 $57,600 $64,000 $69,150 $74,250 $79,400 $84,500