About This Property
Keystone Village Apts comprises 24 low-income rental units in Traverse City, Michigan, serving families with a mix of six one-bedroom and eighteen two-bedroom apartments. The property was placed in service in 2010 and receives funding through the HOME program with 9% Low-Income Housing Tax Credit financing. The development provides affordable housing options for households in Grand Traverse County.
Waitlist Information
Waitlist managed by Traverse City Housing Commission
The waitlist is currently accepting pre-applications for families and senior/disabled individuals, with applicants placed by date and time of receipt. Orchardview Townhomes is seeking applicants for 3 & 4 bedroom units with minimum occupancy requirements; there is no general preference for this program.
The waitlist is closed due to intense demand. It may take several years for a qualified applicant to receive a voucher. Preferences are given to families with children, elderly, and disabled individuals who also live, work or have been hired to work within the TCHC service area. Applicants will receive a letter in January 2025 confirming their application and waitlist position. Notification when at the top of the list is by U.S. Mail only.
Waitlist data provided by section8waitlist.org
Updated June 7, 2026
Property Details
Fair Market Rent - Grand Traverse 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 | $1,044 |
| 1 Bedroom | $1,061 |
| 2 Bedroom | $1,232 |
| 3 Bedroom | $1,490 |
| 4 Bedroom | $1,641 |
Income Limits - Grand Traverse County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $20,400
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $22,950
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,300
- Low (80%)
- $78,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,700
- Low (80%)
- $84,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,100
- Low (80%)
- $89,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,850 | $29,750 | $47,600 |
| 2 Persons | $20,400 | $34,000 | $54,400 |
| 3 Persons | $22,950 | $38,250 | $61,200 |
| 4 Persons | $26,500 | $42,500 | $68,000 |
| 5 Persons | $31,040 | $45,900 | $73,450 |
| 6 Persons | $35,580 | $49,300 | $78,900 |
| 7 Persons | $40,120 | $52,700 | $84,350 |
| 8 Persons | $44,660 | $56,100 | $89,800 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Traverse City, MI?+
The Fair Market Rent (FMR) for Grand Traverse County, MI is: $1044 (Studio), $1061 (1BR), $1232 (2BR), $1490 (3BR), $1641 (4BR). Actual rent at subsidized properties like Keystone Village Apts is typically 30% of household income or less.
What size apartments are available at Keystone Village Apts?+
Keystone Village Apts offers the following unit types: 6 One-Bedroom, 18 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Keystone Village Apts?+
Keystone Village 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.
Who manages Keystone Village Apts?+
Keystone Village Apts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Keystone Village Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Traverse City, MI?+
Based on Fair Market Rent for Grand Traverse County, the estimated price range is: 1-bedroom: $1061, 2-bedroom: $1232. Actual rent at Keystone Village Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Grand Traverse County, MI?+
For a 4-person household in Grand Traverse County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,500, Low Income (80% AMI): $68,000. These limits are set by HUD and updated annually.
Who is eligible to live at Keystone Village Apts?+
Keystone Village Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Keystone Village Apts
Bay Hill Ii
Traverse City, MI
72 UnitsWoda Boardman Lake
Traverse City, MI
112 UnitsBoardman Lake Apts Ii
Traverse City, MI
32 UnitsOak Park Apts
Traverse City, MI
94 UnitsBay Hill I
Traverse City, MI
150 UnitsWoodmere Ridge Apts
Traverse City, MI
11 Units