About This Property
Ithaca Parks I is a 28-unit apartment community in Ithaca, MI that has served low-income households since 1995. The property contains all 2-bedroom units and is financed through 4% Low-Income Housing Tax Credits. The community is managed and available for occupancy.
Property Details
Fair Market Rent - Gratiot 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 | $613 |
| 1 Bedroom | $743 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,171 |
| 4 Bedroom | $1,528 |
Income Limits - Gratiot County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ithaca, MI?+
The Fair Market Rent (FMR) for Gratiot County, MI is: $613 (Studio), $743 (1BR), $905 (2BR), $1171 (3BR), $1528 (4BR). Actual rent at subsidized properties like Ithaca Parks I is typically 30% of household income or less.
What size apartments are available at Ithaca Parks I?+
Ithaca Parks I offers the following unit types: 28 Two-Bedroom units, for a total of 28 units.
Who manages Ithaca Parks I?+
Ithaca Parks I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Ithaca Parks I?+
Ithaca Parks 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.
What are the income limits for affordable housing in Gratiot County, MI?+
For a 4-person household in Gratiot County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Ithaca, MI?+
Based on Fair Market Rent for Gratiot County, the estimated price range is: 2-bedroom: $905. Actual rent at Ithaca Parks I may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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