About This Property
Forwood Apts comprises 32 low-income units in Gwinn, Michigan, with a mix of 24 one-bedroom and 8 two-bedroom apartments. The property was placed in service in 1997 and participates in the 4% Low-Income Housing Tax Credit program. Interested parties can contact the property for more information about availability and rental requirements.
Property Details
Fair Market Rent - Marquette 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 | $714 |
| 1 Bedroom | $876 |
| 2 Bedroom | $1,054 |
| 3 Bedroom | $1,274 |
| 4 Bedroom | $1,789 |
Income Limits - Marquette County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,550
- Low (80%)
- $72,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,650 |
| 2 Persons | $17,420 | $27,600 | $44,200 |
| 3 Persons | $21,960 | $31,050 | $49,700 |
| 4 Persons | $26,500 | $34,500 | $55,200 |
| 5 Persons | $31,040 | $37,300 | $59,650 |
| 6 Persons | $35,580 | $40,050 | $64,050 |
| 7 Persons | $40,120 | $42,800 | $68,450 |
| 8 Persons | $44,660 | $45,550 | $72,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Gwinn, MI?+
The Fair Market Rent (FMR) for Marquette County, MI is: $714 (Studio), $876 (1BR), $1054 (2BR), $1274 (3BR), $1789 (4BR). Actual rent at subsidized properties like Forwood Apts is typically 30% of household income or less.
What size apartments are available at Forwood Apts?+
Forwood Apts offers the following unit types: 24 One-Bedroom, 8 Two-Bedroom units, for a total of 32 units.
What is the price range for apartments in Gwinn, MI?+
Based on Fair Market Rent for Marquette County, the estimated price range is: 1-bedroom: $876, 2-bedroom: $1054. Actual rent at Forwood Apts may be lower for income-eligible households.
How do I apply for housing at Forwood Apts?+
Forwood Apts 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 Marquette County, MI?+
For a 4-person household in Marquette County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,500, Low Income (80% AMI): $55,200. These limits are set by HUD and updated annually.
Who manages Forwood Apts?+
Forwood Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.