About This Property
Lotus Townhomes I comprises six 2-bedroom townhomes in Kalamazoo, Michigan, designated for low-income households. The property was placed in service in 1994 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. All six units serve residents meeting income qualification requirements.
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 Lotus Townhomes I is typically 30% of household income or less.
What size apartments are available at Lotus Townhomes I?+
Lotus Townhomes I offers the following unit types: 6 Two-Bedroom units, for a total of 6 units.
Who manages Lotus Townhomes I?+
Lotus Townhomes I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lotus Townhomes I?+
Lotus Townhomes I 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 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: 2-bedroom: $1057. Actual rent at Lotus Townhomes I may be lower for income-eligible households.
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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