About This Property
Riverwalk Apts is a 50-unit affordable housing community in Grand Ledge, Michigan, offering 18 one-bedroom and 32 two-bedroom units. The property includes 10 low-income units and has been in service since 1987. It is financed through tax-exempt bonds and participates in the 4% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Eaton 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 | $847 |
| 1 Bedroom | $887 |
| 2 Bedroom | $1,092 |
| 3 Bedroom | $1,423 |
| 4 Bedroom | $1,454 |
Income Limits - Eaton County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,650
- Very Low (50%)
- $27,700
- Low (80%)
- $44,350
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,600
- Low (80%)
- $57,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,550
- Low (80%)
- $63,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,050
- Low (80%)
- $78,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,250
- Low (80%)
- $83,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,650 | $27,700 | $44,350 |
| 2 Persons | $19,000 | $31,650 | $50,650 |
| 3 Persons | $21,960 | $35,600 | $57,000 |
| 4 Persons | $26,500 | $39,550 | $63,300 |
| 5 Persons | $31,040 | $42,750 | $68,400 |
| 6 Persons | $35,580 | $45,900 | $73,450 |
| 7 Persons | $40,120 | $49,050 | $78,500 |
| 8 Persons | $44,660 | $52,250 | $83,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grand Ledge, MI?+
The Fair Market Rent (FMR) for Eaton County, MI is: $847 (Studio), $887 (1BR), $1092 (2BR), $1423 (3BR), $1454 (4BR). Actual rent at subsidized properties like Riverwalk Apts (Grand Ledge) is typically 30% of household income or less.
What size apartments are available at Riverwalk Apts (Grand Ledge)?+
Riverwalk Apts (Grand Ledge) offers the following unit types: 18 One-Bedroom, 32 Two-Bedroom units, for a total of 50 units.
How do I apply for housing at Riverwalk Apts (Grand Ledge)?+
Riverwalk Apts (Grand Ledge) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Riverwalk Apts (Grand Ledge)?+
Riverwalk Apts (Grand Ledge) is managed by . You can reach them at .
What are the income limits for affordable housing in Eaton County, MI?+
For a 4-person household in Eaton County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,550, Low Income (80% AMI): $63,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Grand Ledge, MI?+
Based on Fair Market Rent for Eaton County, the estimated price range is: 1-bedroom: $887, 2-bedroom: $1092. Actual rent at Riverwalk Apts (Grand Ledge) may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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