About This Property
Mill Park Townhomes Phase II contains 56 units in Parchment, Michigan, with a unit mix of eight 1-bedroom, thirty-six 2-bedroom, and twelve 3-bedroom townhomes. The property includes twelve low-income units and was placed in service in 1990. Financing for this development comes from tax-exempt bonds and 4% LIHTC credits.
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 Parchment, 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 Mill Park Townhomes Phase Ii is typically 30% of household income or less.
What size apartments are available at Mill Park Townhomes Phase Ii?+
Mill Park Townhomes Phase Ii offers the following unit types: 8 One-Bedroom, 36 Two-Bedroom, 12 Three-Bedroom units, for a total of 56 units.
How do I apply for housing at Mill Park Townhomes Phase Ii?+
Mill Park Townhomes Phase 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.
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 Parchment, MI?+
Based on Fair Market Rent for Kalamazoo County, the estimated price range is: 1-bedroom: $878, 2-bedroom: $1057, 3-bedroom: $1413. Actual rent at Mill Park Townhomes Phase Ii may be lower for income-eligible households.
Who manages Mill Park Townhomes Phase Ii?+
Mill Park Townhomes Phase Ii is managed by . You can reach them at . Visit their website for more information.
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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