About This Property
The Village At Bay Ridge offers 120 units of affordable housing in Traverse City, Michigan, including 51 low-income units. The property includes 75 one-bedroom and 45 two-bedroom apartments and has been in service since 2000. Funding for this development comes from tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Traverse City Housing Commission
Pre-applications are available for pick up in-person at 150 Pine Street, Traverse City, MI 49684, and can be mailed or hand-delivered once completed. Qualified applicants are placed on the waiting list by the date and time the application is received, with no specific preferences mentioned for placement.
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 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 position on the waitlist. Notification when at the top of the list is by U.S. Mail.
Waitlist data provided by section8waitlist.org
Updated April 18, 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 |
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 The Village At Bay Ridge is typically 30% of household income or less.
What size apartments are available at The Village At Bay Ridge?+
The Village At Bay Ridge offers the following unit types: 75 One-Bedroom, 45 Two-Bedroom units, for a total of 120 units.
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.
Is there a waitlist for The Village At Bay Ridge?+
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.
Who manages The Village At Bay Ridge?+
The Village At Bay Ridge is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at The Village At Bay Ridge?+
The Village At Bay Ridge 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 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 The Village At Bay Ridge may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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