About This Property
Sheldon Place II Apartments is a 32-unit affordable housing community in Gaylord, Michigan, serving elderly residents. The property includes 31 low-income units available in a mix of 11 one-bedroom and 21 two-bedroom floor plans. Placed in service in 2008, the community operates with 9% Low-Income Housing Tax Credit funding.
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 Ii Apts is typically 30% of household income or less.
What size apartments are available at Sheldon Place Ii Apts?+
Sheldon Place Ii Apts offers the following unit types: 11 One-Bedroom, 21 Two-Bedroom units, for a total of 32 units.
Who manages Sheldon Place Ii Apts?+
Sheldon Place Ii 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 Ii Apts may be lower for income-eligible households.
How do I apply for housing at Sheldon Place Ii Apts?+
Sheldon Place Ii 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 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 Ii Apts?+
Sheldon Place Ii Apts primarily serves elderly residents. 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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