About This Property
Portland School offers 29 low-income residential units in Portland, Michigan, consisting of six one-bedroom, eighteen two-bedroom, and five three-bedroom apartments. The property was placed in service in 2017 and utilizes 9% Low-Income Housing Tax Credits. This Ionia County community provides housing options for households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Ionia 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 | $795 |
| 1 Bedroom | $843 |
| 2 Bedroom | $1,108 |
| 3 Bedroom | $1,369 |
| 4 Bedroom | $1,683 |
Income Limits - Ionia County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,600
- Low (80%)
- $42,500
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,900
- Low (80%)
- $47,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,900
- Low (80%)
- $57,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,550
- Low (80%)
- $61,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,200
- Low (80%)
- $65,850
- Extremely Low (30%)
- $43,850
- Very Low (50%)
- $43,850
- Low (80%)
- $70,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,200 |
| 2 Persons | $17,420 | $26,600 | $42,500 |
| 3 Persons | $21,960 | $29,900 | $47,800 |
| 4 Persons | $26,500 | $33,200 | $53,100 |
| 5 Persons | $31,040 | $35,900 | $57,350 |
| 6 Persons | $35,580 | $38,550 | $61,600 |
| 7 Persons | $40,120 | $41,200 | $65,850 |
| 8 Persons | $43,850 | $43,850 | $70,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Portland, MI?+
The Fair Market Rent (FMR) for Ionia County, MI is: $795 (Studio), $843 (1BR), $1108 (2BR), $1369 (3BR), $1683 (4BR). Actual rent at subsidized properties like Portland School is typically 30% of household income or less.
What size apartments are available at Portland School?+
Portland School offers the following unit types: 6 One-Bedroom, 18 Two-Bedroom, 5 Three-Bedroom units, for a total of 29 units.
How do I apply for housing at Portland School?+
Portland School 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 Portland School?+
Portland School is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Portland, MI?+
Based on Fair Market Rent for Ionia County, the estimated price range is: 1-bedroom: $843, 2-bedroom: $1108, 3-bedroom: $1369. Actual rent at Portland School may be lower for income-eligible households.
What are the income limits for affordable housing in Ionia County, MI?+
For a 4-person household in Ionia County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,200, Low Income (80% AMI): $53,100. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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