About This Property
Lexington Square Apartments offers 49 units in Fennville, Michigan, with 44 units designated as low-income housing. The property includes 6 one-bedroom, 26 two-bedroom, and 17 three-bedroom units that serve families and elderly residents. The development was placed in service in 2007 and receives funding through the HOME program and 4% LIHTC credits.
Property Details
Fair Market Rent - Allegan County, MI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $832 |
| 1 Bedroom | $838 |
| 2 Bedroom | $1,101 |
| 3 Bedroom | $1,427 |
| 4 Bedroom | $1,466 |
Income Limits - Allegan County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,900
- Low (80%)
- $41,450
- Extremely Low (30%)
- $17,800
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,300
- Low (80%)
- $53,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,000
- Low (80%)
- $59,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,950
- Low (80%)
- $68,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,850
- Low (80%)
- $78,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,900 | $41,450 |
| 2 Persons | $17,800 | $29,600 | $47,400 |
| 3 Persons | $21,960 | $33,300 | $53,300 |
| 4 Persons | $26,500 | $37,000 | $59,200 |
| 5 Persons | $31,040 | $40,000 | $63,950 |
| 6 Persons | $35,580 | $42,950 | $68,700 |
| 7 Persons | $40,120 | $45,900 | $73,450 |
| 8 Persons | $44,660 | $48,850 | $78,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fennville, MI?+
The Fair Market Rent (FMR) for Allegan County, MI is: $832 (Studio), $838 (1BR), $1101 (2BR), $1427 (3BR), $1466 (4BR). Actual rent at subsidized properties like Lexington Square Apartments is typically 30% of household income or less.
What size apartments are available at Lexington Square Apartments?+
Lexington Square Apartments offers the following unit types: 6 One-Bedroom, 26 Two-Bedroom, 17 Three-Bedroom units, for a total of 49 units.
Who is eligible to live at Lexington Square Apartments?+
Lexington Square Apartments primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Lexington Square Apartments?+
Lexington Square Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Fennville, MI?+
Based on Fair Market Rent for Allegan County, the estimated price range is: 1-bedroom: $838, 2-bedroom: $1101, 3-bedroom: $1427. Actual rent at Lexington Square Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Allegan County, MI?+
For a 4-person household in Allegan County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,000, Low Income (80% AMI): $59,200. These limits are set by HUD and updated annually.
Who manages Lexington Square Apartments?+
Lexington Square Apartments is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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