About This Property
Sheldon Place Apts comprises 32 units in Gaylord, Michigan, with 31 designated as low-income housing serving elderly residents. The property, which was placed in service in 2004, includes 11 one-bedroom and 21 two-bedroom units and is financed through 9% Low-Income Housing Tax Credits. Professional management oversees day-to-day operations at this Otsego County property.
Property Details
Fair Market Rent - Otsego 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 | $702 |
| 1 Bedroom | $764 |
| 2 Bedroom | $1,004 |
| 3 Bedroom | $1,347 |
| 4 Bedroom | $1,546 |
Income Limits - Otsego 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 Gaylord, MI?+
The Fair Market Rent (FMR) for Otsego County, MI is: $702 (Studio), $764 (1BR), $1004 (2BR), $1347 (3BR), $1546 (4BR). Actual rent at subsidized properties like Sheldon Place Apts is typically 30% of household income or less.
What size apartments are available at Sheldon Place Apts?+
Sheldon Place Apts offers the following unit types: 11 One-Bedroom, 21 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Sheldon Place Apts?+
Sheldon Place 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.
Who manages Sheldon Place Apts?+
Sheldon Place Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Gaylord, MI?+
Based on Fair Market Rent for Otsego County, the estimated price range is: 1-bedroom: $764, 2-bedroom: $1004. Actual rent at Sheldon Place Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Otsego County, MI?+
For a 4-person household in Otsego 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 is eligible to live at Sheldon Place Apts?+
Sheldon Place Apts primarily serves elderly residents, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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