Low Income (LIHTC)

Riverview Terrace (Petoskey)

11 Bridge St, Petoskey, MI, 49770

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Riverview Terrace is an affordable housing community in Petoskey, Michigan with 64 units. The property serves residents in Emmet County and was placed in service in 8888. Interested applicants can contact the property management for information about availability and lease terms.

Property Details

Total Units

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.

1 Person

Extremely Low (30%): $15,300
Very Low (50%): $25,450
Low (80%): $40,750

2 Persons

Extremely Low (30%): $17,450
Very Low (50%): $29,100
Low (80%): $46,550

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $32,750
Low (80%): $52,350

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $36,350
Low (80%): $58,150

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $39,300
Low (80%): $62,850

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $42,200
Low (80%): $67,500

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $45,100
Low (80%): $72,150

8 Persons

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

Year Placed in Service

8888

Low-Income Units

0 / 64

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 Riverview Terrace (Petoskey) is typically 30% of household income or less.

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.

How do I apply for housing at Riverview Terrace (Petoskey)?+

Riverview Terrace (Petoskey) 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 Riverview Terrace (Petoskey)?+

Riverview Terrace (Petoskey) is managed by . You can reach them at .

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