About This Property
Waterford Park Apts offers 48 units of affordable housing in Watervliet, Michigan, with 47 units designated as low-income housing. The property includes 40 one-bedroom and 8 two-bedroom units and serves elderly residents. Funded through HOME and tax-exempt bonds, the community has been in operation since 2006.
Property Details
Fair Market Rent - Berrien 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 | $722 |
| 1 Bedroom | $811 |
| 2 Bedroom | $1,065 |
| 3 Bedroom | $1,364 |
| 4 Bedroom | $1,431 |
Income Limits - Berrien County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,100
- Very Low (50%)
- $23,450
- Low (80%)
- $37,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,800
- Low (80%)
- $42,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,550
- Low (80%)
- $66,500
- Extremely Low (30%)
- $44,250
- Very Low (50%)
- $44,250
- Low (80%)
- $70,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,100 | $23,450 | $37,550 |
| 2 Persons | $17,420 | $26,800 | $42,900 |
| 3 Persons | $21,960 | $30,150 | $48,250 |
| 4 Persons | $26,500 | $33,500 | $53,600 |
| 5 Persons | $31,040 | $36,200 | $57,900 |
| 6 Persons | $35,580 | $38,900 | $62,200 |
| 7 Persons | $40,120 | $41,550 | $66,500 |
| 8 Persons | $44,250 | $44,250 | $70,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Watervliet, MI?+
The Fair Market Rent (FMR) for Berrien County, MI is: $722 (Studio), $811 (1BR), $1065 (2BR), $1364 (3BR), $1431 (4BR). Actual rent at subsidized properties like Waterford Park Apts is typically 30% of household income or less.
What size apartments are available at Waterford Park Apts?+
Waterford Park Apts offers the following unit types: 40 One-Bedroom, 8 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Waterford Park Apts?+
Waterford Park Apts 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.
Who manages Waterford Park Apts?+
Waterford Park Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Waterford Park Apts?+
Waterford Park Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Watervliet, MI?+
Based on Fair Market Rent for Berrien County, the estimated price range is: 1-bedroom: $811, 2-bedroom: $1065. Actual rent at Waterford Park Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Berrien County, MI?+
For a 4-person household in Berrien County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,500, Low Income (80% AMI): $53,600. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Waterford Park Apts
Tri City Village
Watervliet, MI
56 UnitsCogic Village (Bangor)
Bangor, MI
50 UnitsCenter Street (In Hartford)
Hartford, MI
32 Units
Covert Twp Pub Hsg
Covert, MI
2 Units
Bangor Housing Commission
Bangor, MI
44 UnitsCogic Village Bangor
Bangor, MI
50 Units