About This Property
Harbor Village Family Petoskey comprises 48 low-income residential units in Petoskey, Michigan. The property offers 16 one-bedroom and 32 two-bedroom units and has been in service since 1991. The development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Emmet 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 | $826 |
| 1 Bedroom | $900 |
| 2 Bedroom | $1,182 |
| 3 Bedroom | $1,429 |
| 4 Bedroom | $1,675 |
Income Limits - Emmet County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,300
- Very Low (50%)
- $25,450
- Low (80%)
- $40,750
- Extremely Low (30%)
- $17,450
- Very Low (50%)
- $29,100
- Low (80%)
- $46,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,750
- Low (80%)
- $52,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,350
- Low (80%)
- $58,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,100
- Low (80%)
- $72,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,000
- Low (80%)
- $76,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,300 | $25,450 | $40,750 |
| 2 Persons | $17,450 | $29,100 | $46,550 |
| 3 Persons | $21,960 | $32,750 | $52,350 |
| 4 Persons | $26,500 | $36,350 | $58,150 |
| 5 Persons | $31,040 | $39,300 | $62,850 |
| 6 Persons | $35,580 | $42,200 | $67,500 |
| 7 Persons | $40,120 | $45,100 | $72,150 |
| 8 Persons | $44,660 | $48,000 | $76,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Petoskey, MI?+
The Fair Market Rent (FMR) for Emmet County, MI is: $826 (Studio), $900 (1BR), $1182 (2BR), $1429 (3BR), $1675 (4BR). Actual rent at subsidized properties like Harbor Village Family Petosky is typically 30% of household income or less.
What size apartments are available at Harbor Village Family Petosky?+
Harbor Village Family Petosky offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.
Who manages Harbor Village Family Petosky?+
Harbor Village Family Petosky is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Harbor Village Family Petosky?+
Harbor Village Family Petosky 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 are the income limits for affordable housing in Emmet County, MI?+
For a 4-person household in Emmet County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,350, Low Income (80% AMI): $58,150. These limits are set by HUD and updated annually.
What is the price range for apartments in Petoskey, MI?+
Based on Fair Market Rent for Emmet County, the estimated price range is: 1-bedroom: $900, 2-bedroom: $1182. Actual rent at Harbor Village Family Petosky may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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