About This Property
Hope Woods for Seniors is a 150-unit affordable housing community in Kalamazoo, Michigan that serves elderly residents. The property includes 48 one-bedroom and 102 two-bedroom units, with 65 designated as low-income housing. The community was placed in service in 2004 and utilizes 4% Low-Income Housing Tax Credit financing along with tax-exempt bond funding.
Property Details
Fair Market Rent - Kalamazoo 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 | $724 |
| 1 Bedroom | $878 |
| 2 Bedroom | $1,057 |
| 3 Bedroom | $1,413 |
| 4 Bedroom | $1,484 |
Income Limits - Kalamazoo County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,250
- Very Low (50%)
- $27,100
- Low (80%)
- $43,350
- Extremely Low (30%)
- $18,600
- Very Low (50%)
- $31,000
- Low (80%)
- $49,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,800
- Low (80%)
- $66,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,900
- Low (80%)
- $71,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,000
- Low (80%)
- $76,800
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,100
- Low (80%)
- $81,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,250 | $27,100 | $43,350 |
| 2 Persons | $18,600 | $31,000 | $49,550 |
| 3 Persons | $21,960 | $34,850 | $55,750 |
| 4 Persons | $26,500 | $38,700 | $61,900 |
| 5 Persons | $31,040 | $41,800 | $66,900 |
| 6 Persons | $35,580 | $44,900 | $71,850 |
| 7 Persons | $40,120 | $48,000 | $76,800 |
| 8 Persons | $44,660 | $51,100 | $81,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Kalamazoo, MI?+
The Fair Market Rent (FMR) for Kalamazoo County, MI is: $724 (Studio), $878 (1BR), $1057 (2BR), $1413 (3BR), $1484 (4BR). Actual rent at subsidized properties like Hope Woods for Seniors is typically 30% of household income or less.
What size apartments are available at Hope Woods for Seniors?+
Hope Woods for Seniors offers the following unit types: 48 One-Bedroom, 102 Two-Bedroom units, for a total of 150 units.
What are the income limits for affordable housing in Kalamazoo County, MI?+
For a 4-person household in Kalamazoo County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,700, Low Income (80% AMI): $61,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Kalamazoo, MI?+
Based on Fair Market Rent for Kalamazoo County, the estimated price range is: 1-bedroom: $878, 2-bedroom: $1057. Actual rent at Hope Woods for Seniors may be lower for income-eligible households.
Who manages Hope Woods for Seniors?+
Hope Woods for Seniors is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Hope Woods for Seniors?+
Hope Woods for Seniors primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Hope Woods for Seniors?+
Hope Woods for Seniors 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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