About This Property
Oscoda Shores Apartments is a 24-unit affordable housing community in Oscoda, Michigan offering one-bedroom units for low-income residents. The property has been in service since 1991 and utilizes 4% Low-Income Housing Tax Credits to maintain affordability. The community is managed to serve households meeting income eligibility requirements.
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 Oscoda Shores Apts is typically 30% of household income or less.
What size apartments are available at Oscoda Shores Apts?+
Oscoda Shores Apts offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
How do I apply for housing at Oscoda Shores Apts?+
Oscoda Shores Apts 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 Oscoda Shores Apts?+
Oscoda Shores Apts is managed by . You can reach them at . Visit their website for more information.
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.
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. Actual rent at Oscoda Shores Apts may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.