About This Property
South Pointe Apts Phase III offers 16 low-income units in Indian River, Cheboygan County, consisting of eight one-bedroom and eight two-bedroom apartments. The property has been in service since 1994 and receives 4% Low-Income Housing Tax Credit financing. Prospective residents should contact the property management for current availability and lease terms.
Property Details
Fair Market Rent - Cheboygan 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 | $677 |
| 1 Bedroom | $760 |
| 2 Bedroom | $999 |
| 3 Bedroom | $1,208 |
| 4 Bedroom | $1,330 |
Income Limits - Cheboygan County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Indian River, MI?+
The Fair Market Rent (FMR) for Cheboygan County, MI is: $677 (Studio), $760 (1BR), $999 (2BR), $1208 (3BR), $1330 (4BR). Actual rent at subsidized properties like South Pointe Apts Phase Iii is typically 30% of household income or less.
What size apartments are available at South Pointe Apts Phase Iii?+
South Pointe Apts Phase Iii offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
What are the income limits for affordable housing in Cheboygan County, MI?+
For a 4-person household in Cheboygan County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
Who manages South Pointe Apts Phase Iii?+
South Pointe Apts Phase Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at South Pointe Apts Phase Iii?+
South Pointe Apts Phase Iii 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 Indian River, MI?+
Based on Fair Market Rent for Cheboygan County, the estimated price range is: 1-bedroom: $760, 2-bedroom: $999. Actual rent at South Pointe Apts Phase Iii may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.