About This Property
Park Terrace I Williamston comprises 48 low-income residential units in Williamston, Michigan, with a mix of 24 one-bedroom and 24 two-bedroom apartments designed to serve families. The property has been in service since 2006 and continues to provide affordable housing options in Ingham County.
Property Details
Fair Market Rent - Ingham 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 | $847 |
| 1 Bedroom | $887 |
| 2 Bedroom | $1,092 |
| 3 Bedroom | $1,423 |
| 4 Bedroom | $1,454 |
Income Limits - Ingham County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,650
- Very Low (50%)
- $27,700
- Low (80%)
- $44,350
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,600
- Low (80%)
- $57,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,550
- Low (80%)
- $63,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,050
- Low (80%)
- $78,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,250
- Low (80%)
- $83,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,650 | $27,700 | $44,350 |
| 2 Persons | $19,000 | $31,650 | $50,650 |
| 3 Persons | $21,960 | $35,600 | $57,000 |
| 4 Persons | $26,500 | $39,550 | $63,300 |
| 5 Persons | $31,040 | $42,750 | $68,400 |
| 6 Persons | $35,580 | $45,900 | $73,450 |
| 7 Persons | $40,120 | $49,050 | $78,500 |
| 8 Persons | $44,660 | $52,250 | $83,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Williamston, MI?+
The Fair Market Rent (FMR) for Ingham County, MI is: $847 (Studio), $887 (1BR), $1092 (2BR), $1423 (3BR), $1454 (4BR). Actual rent at subsidized properties like Park Terrace I Williamston is typically 30% of household income or less.
What size apartments are available at Park Terrace I Williamston?+
Park Terrace I Williamston offers the following unit types: 24 One-Bedroom, 24 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Park Terrace I Williamston?+
Park Terrace I Williamston 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 Park Terrace I Williamston?+
Park Terrace I Williamston is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Park Terrace I Williamston?+
Park Terrace I Williamston primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Ingham County, MI?+
For a 4-person household in Ingham County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,550, Low Income (80% AMI): $63,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Williamston, MI?+
Based on Fair Market Rent for Ingham County, the estimated price range is: 1-bedroom: $887, 2-bedroom: $1092. Actual rent at Park Terrace I Williamston 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.
More Affordable Housing Near Park Terrace I Williamston
Ingham County Housing Commission
Okemos, MI
189 UnitsJps Perry
Perry, MI
72 UnitsPark Terrace Ii (Williamston)
Williamston, MI
47 UnitsWashington Square Apts
Perry, MI
24 UnitsMarsh Pointe
Haslett, MI
108 UnitsPark Terrace I (Williamston)
Williamston, MI
48 Units