About This Property
The Mill II contains 8 one-bedroom apartments serving low-income families in Mt. Pleasant, Michigan. The property was placed in service in 2003 and receives funding through HOME and CDBG programs, with 9% Low-Income Housing Tax Credit financing. This development is managed as an affordable housing resource for the community.
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 |
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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 The Mill Ii is typically 30% of household income or less.
What size apartments are available at The Mill Ii?+
The Mill Ii offers the following unit types: 8 One-Bedroom units, for a total of 8 units.
Who is eligible to live at The Mill Ii?+
The Mill Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages The Mill Ii?+
The Mill Ii is managed by . You can reach them at . Visit their website for more information.
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.
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. Actual rent at The Mill Ii may be lower for income-eligible households.
How do I apply for housing at The Mill Ii?+
The Mill Ii 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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