About This Property
Aldersgate Village II offers 24 low-income rental units in Oscoda, Michigan, serving families in Iosco County. The property includes 16 one-bedroom and 8 three-bedroom apartments and has been in service since 2011. Units are available for income-qualified households.
Property Details
Fair Market Rent - Iosco 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 | $725 |
| 1 Bedroom | $730 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,156 |
| 4 Bedroom | $1,283 |
Income Limits - Iosco 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oscoda, MI?+
The Fair Market Rent (FMR) for Iosco County, MI is: $725 (Studio), $730 (1BR), $905 (2BR), $1156 (3BR), $1283 (4BR). Actual rent at subsidized properties like Aldersgate Village Ii is typically 30% of household income or less.
What size apartments are available at Aldersgate Village Ii?+
Aldersgate Village Ii offers the following unit types: 16 One-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in Oscoda, MI?+
Based on Fair Market Rent for Iosco County, the estimated price range is: 1-bedroom: $730, 3-bedroom: $1156. Actual rent at Aldersgate Village Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Iosco County, MI?+
For a 4-person household in Iosco 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.
Who is eligible to live at Aldersgate Village Ii?+
Aldersgate Village Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Aldersgate Village Ii?+
Aldersgate Village Ii is managed by . You can reach them at .
How do I apply for housing at Aldersgate Village Ii?+
Aldersgate Village Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
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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