About This Property
Maple Village I contains 48 low-income residential units in Petoskey and has served families and disabled residents since 2003. The community offers 36 two-bedroom and 12 three-bedroom apartments. The property operates with 9% Low-Income Housing Tax Credit financing.
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 |
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 Maple Village I is typically 30% of household income or less.
What size apartments are available at Maple Village I?+
Maple Village I offers the following unit types: 36 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Maple Village I?+
Maple Village I 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 Maple Village I?+
Maple Village I is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Maple Village I?+
Maple Village I primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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: 2-bedroom: $1182, 3-bedroom: $1429. Actual rent at Maple Village I 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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