About This Property
Walnut Junction comprises 24 units in Jonesville, Michigan, with 23 designated as low-income housing. The property includes 16 one-bedroom and 8 two-bedroom units and has been in service since 1996. This property is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Hillsdale 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 | $720 |
| 1 Bedroom | $725 |
| 2 Bedroom | $952 |
| 3 Bedroom | $1,199 |
| 4 Bedroom | $1,306 |
Income Limits - Hillsdale 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 Jonesville, MI?+
The Fair Market Rent (FMR) for Hillsdale County, MI is: $720 (Studio), $725 (1BR), $952 (2BR), $1199 (3BR), $1306 (4BR). Actual rent at subsidized properties like Walnut Junction is typically 30% of household income or less.
What size apartments are available at Walnut Junction?+
Walnut Junction offers the following unit types: 16 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
Who manages Walnut Junction?+
Walnut Junction is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Hillsdale County, MI?+
For a 4-person household in Hillsdale 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 Jonesville, MI?+
Based on Fair Market Rent for Hillsdale County, the estimated price range is: 1-bedroom: $725, 2-bedroom: $952. Actual rent at Walnut Junction may be lower for income-eligible households.
How do I apply for housing at Walnut Junction?+
Walnut Junction 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Walnut Junction
Friendship Village Apts
Litchfield, MI
40 UnitsParkwood Apts
Jonesville, MI
60 UnitsHillsdale Gardens Apts
Hillsdale, MI
87 UnitsHillsdale Beacon Hill
Hillsdale, MI
196 UnitsHeritage Lane Residences
Jonesville, MI
44 Units
Hilltop Apartments
Hillsdale, MI
60 Units