About This Property
Sheridan Park comprises 24 low-income rental units in Sheridan, Michigan, featuring 16 one-bedroom and 8 two-bedroom floor plans. The property, placed in service in 1994, utilizes 4% Low-Income Housing Tax Credit financing. This Montcalm County community is available for income-qualified households.
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 Sheridan, 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 Sheridan Park is typically 30% of household income or less.
What size apartments are available at Sheridan Park?+
Sheridan Park offers the following unit types: 16 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Sheridan, MI?+
Based on Fair Market Rent for Montcalm County, the estimated price range is: 1-bedroom: $818, 2-bedroom: $996. Actual rent at Sheridan Park may be lower for income-eligible households.
How do I apply for housing at Sheridan Park?+
Sheridan Park 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 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.
Who manages Sheridan Park?+
Sheridan Park is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.