About This Property
Coloney Junction offers 24 low-income residential units in Lakeview, Michigan. The property contains 16 one-bedroom and 8 two-bedroom units and has been in service since 1995. The development is supported through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Montcalm 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 | $719 |
| 1 Bedroom | $818 |
| 2 Bedroom | $996 |
| 3 Bedroom | $1,234 |
| 4 Bedroom | $1,359 |
Income Limits - Montcalm County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lakeview, MI?+
The Fair Market Rent (FMR) for Montcalm County, MI is: $719 (Studio), $818 (1BR), $996 (2BR), $1234 (3BR), $1359 (4BR). Actual rent at subsidized properties like Coloney Junction is typically 30% of household income or less.
What size apartments are available at Coloney Junction?+
Coloney Junction offers the following unit types: 16 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Coloney Junction?+
Coloney Junction 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 Coloney Junction?+
Coloney Junction is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Montcalm County, MI?+
For a 4-person household in Montcalm County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Lakeview, MI?+
Based on Fair Market Rent for Montcalm County, the estimated price range is: 1-bedroom: $818, 2-bedroom: $996. Actual rent at Coloney Junction may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
