About This Property
The Oaks of Rivers Bend offers 96 low-income units in Adrian, Michigan, consisting of 24 two-bedroom and 72 three-bedroom apartments. This property has been in service since 1999 and utilizes 9% Low-Income Housing Tax Credits to support affordable housing availability. The development is located in Lenawee County.
Property Details
Fair Market Rent - Lenawee 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 | $729 |
| 1 Bedroom | $809 |
| 2 Bedroom | $1,023 |
| 3 Bedroom | $1,355 |
| 4 Bedroom | $1,546 |
Income Limits - Lenawee County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,150
- Very Low (50%)
- $23,550
- Low (80%)
- $37,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,000
- Low (80%)
- $62,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,700
- Low (80%)
- $66,650
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $44,400
- Low (80%)
- $70,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,150 | $23,550 | $37,650 |
| 2 Persons | $17,420 | $26,900 | $43,000 |
| 3 Persons | $21,960 | $30,250 | $48,400 |
| 4 Persons | $26,500 | $33,600 | $53,750 |
| 5 Persons | $31,040 | $36,300 | $58,050 |
| 6 Persons | $35,580 | $39,000 | $62,350 |
| 7 Persons | $40,120 | $41,700 | $66,650 |
| 8 Persons | $44,400 | $44,400 | $70,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Adrian, MI?+
The Fair Market Rent (FMR) for Lenawee County, MI is: $729 (Studio), $809 (1BR), $1023 (2BR), $1355 (3BR), $1546 (4BR). Actual rent at subsidized properties like The Oaks of Rivers Bend is typically 30% of household income or less.
What size apartments are available at The Oaks of Rivers Bend?+
The Oaks of Rivers Bend offers the following unit types: 24 Two-Bedroom, 72 Three-Bedroom units, for a total of 96 units.
How do I apply for housing at The Oaks of Rivers Bend?+
The Oaks of Rivers Bend 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.
Who manages The Oaks of Rivers Bend?+
The Oaks of Rivers Bend is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Adrian, MI?+
Based on Fair Market Rent for Lenawee County, the estimated price range is: 2-bedroom: $1023, 3-bedroom: $1355. Actual rent at The Oaks of Rivers Bend may be lower for income-eligible households.
What are the income limits for affordable housing in Lenawee County, MI?+
For a 4-person household in Lenawee County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,600, Low Income (80% AMI): $53,750. These limits are set by HUD and updated annually.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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