Low Income (LIHTC)

Oakview Square Phase I

50440 Oakview Dr, Chesterfield, MI, 48047

Information verified July 14, 2026·We re-check waiting list status daily

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About This Property

Oakview Square Phase I is a 240-unit affordable housing community in Chesterfield, Michigan, serving low-income residents. The property has been in service since 1990 and is located in Macomb County.

Property Details

Total Units

240

Fair Market Rent - Macomb 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	$920
1 Bedroom	$1,019
2 Bedroom	$1,291
3 Bedroom	$1,595
4 Bedroom	$1,719

Income Limits - Macomb County, MI

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,800
Very Low (50%): $28,000
Low (80%): $44,800

2 Persons

Extremely Low (30%): $19,200
Very Low (50%): $32,000
Low (80%): $51,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $36,000
Low (80%): $57,600

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $40,000
Low (80%): $64,000

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $43,200
Low (80%): $69,150

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $46,400
Low (80%): $74,250

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $49,600
Low (80%): $79,400

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $52,800
Low (80%): $84,500

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$16,800	$28,000	$44,800
2 Persons	$19,200	$32,000	$51,200
3 Persons	$21,960	$36,000	$57,600
4 Persons	$26,500	$40,000	$64,000
5 Persons	$31,040	$43,200	$69,150
6 Persons	$35,580	$46,400	$74,250
7 Persons	$40,120	$49,600	$79,400
8 Persons	$44,660	$52,800	$84,500

Tax Credit Program Details

Year Placed in Service

1990

Low-Income Units

240 / 240

Frequently Asked Questions

What is the average rent for affordable housing in Chesterfield, MI?+

The Fair Market Rent (FMR) for Macomb County, MI is: $920 (Studio), $1019 (1BR), $1291 (2BR), $1595 (3BR), $1719 (4BR). Actual rent at subsidized properties like Oakview Square Phase I is typically 30% of household income or less.

What are the income limits for affordable housing in Macomb County, MI?+

For a 4-person household in Macomb County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $64,000. These limits are set by HUD and updated annually.

How do I apply for housing at Oakview Square Phase I?+

Oakview Square Phase I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Oakview Square Phase I?+

Oakview Square Phase I is managed by . You can reach them at .

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