About This Property
Norwood Apts comprises 16 units in Norway, Michigan, with 15 designated as low-income housing. The property includes twelve 1-bedroom and four 2-bedroom units and has been in service since 1997. Financing through 4% Low-Income Housing Tax Credits supports this affordable housing option.
Property Details
Fair Market Rent - Dickinson 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 | $633 |
| 1 Bedroom | $763 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,094 |
| 4 Bedroom | $1,289 |
Income Limits - Dickinson 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Norway, MI?+
The Fair Market Rent (FMR) for Dickinson County, MI is: $633 (Studio), $763 (1BR), $905 (2BR), $1094 (3BR), $1289 (4BR). Actual rent at subsidized properties like Norwood Apts is typically 30% of household income or less.
What size apartments are available at Norwood Apts?+
Norwood Apts offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
How do I apply for housing at Norwood Apts?+
Norwood 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.
What is the price range for apartments in Norway, MI?+
Based on Fair Market Rent for Dickinson County, the estimated price range is: 1-bedroom: $763, 2-bedroom: $905. Actual rent at Norwood Apts may be lower for income-eligible households.
Who manages Norwood Apts?+
Norwood Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Dickinson County, MI?+
For a 4-person household in Dickinson 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.
Contact Information
Walk Score
Somewhat Walkable
