About This Property
Chase Run Apts is a 112-unit affordable housing community in Mt. Pleasant, MI that serves low-income households. The property includes 12 one-bedroom, 76 two-bedroom, and 24 three-bedroom units and has been in service since 1999. This non-profit owned community receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Isabella 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 | $810 |
| 1 Bedroom | $815 |
| 2 Bedroom | $941 |
| 3 Bedroom | $1,245 |
| 4 Bedroom | $1,253 |
Income Limits - Isabella 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 Mt Pleasant, MI?+
The Fair Market Rent (FMR) for Isabella County, MI is: $810 (Studio), $815 (1BR), $941 (2BR), $1245 (3BR), $1253 (4BR). Actual rent at subsidized properties like Chase Run Apts is typically 30% of household income or less.
What size apartments are available at Chase Run Apts?+
Chase Run Apts offers the following unit types: 12 One-Bedroom, 76 Two-Bedroom, 24 Three-Bedroom units, for a total of 112 units.
Who manages Chase Run Apts?+
Chase Run Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Chase Run Apts?+
Chase Run 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.
What is the price range for apartments in Mt Pleasant, MI?+
Based on Fair Market Rent for Isabella County, the estimated price range is: 1-bedroom: $815, 2-bedroom: $941, 3-bedroom: $1245. Actual rent at Chase Run Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Isabella County, MI?+
For a 4-person household in Isabella 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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