About This Property
Stone Manor comprises 20 low-income residential units in MIO, MI, including seventeen 1-bedroom and three 2-bedroom apartments. The property was placed in service in 1990 and utilizes 4% Low-Income Housing Tax Credits to support affordability. A property manager is available to address tenant needs and maintenance concerns.
Property Details
Fair Market Rent - Oscoda 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 | $633 |
| 1 Bedroom | $702 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,151 |
| 4 Bedroom | $1,283 |
Income Limits - Oscoda 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 Mio, MI?+
The Fair Market Rent (FMR) for Oscoda County, MI is: $633 (Studio), $702 (1BR), $905 (2BR), $1151 (3BR), $1283 (4BR). Actual rent at subsidized properties like Stone Manor is typically 30% of household income or less.
What size apartments are available at Stone Manor?+
Stone Manor offers the following unit types: 17 One-Bedroom, 3 Two-Bedroom units, for a total of 20 units.
Who manages Stone Manor?+
Stone Manor is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Stone Manor?+
Stone Manor 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 Oscoda County, MI?+
For a 4-person household in Oscoda 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 Mio, MI?+
Based on Fair Market Rent for Oscoda County, the estimated price range is: 1-bedroom: $702, 2-bedroom: $905. Actual rent at Stone Manor may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.