About This Property
Sheldon Place IV offers 32 low-income residential units in Gaylord, Michigan, serving elderly residents. The property includes 14 one-bedroom and 18 two-bedroom units and has been in service since 2017. This development participates in the 9% Low-Income Housing Tax Credit program.
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 Iv is typically 30% of household income or less.
What size apartments are available at Sheldon Place Iv?+
Sheldon Place Iv offers the following unit types: 14 One-Bedroom, 18 Two-Bedroom units, for a total of 32 units.
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.
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 Iv may be lower for income-eligible households.
Who is eligible to live at Sheldon Place Iv?+
Sheldon Place Iv primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Sheldon Place Iv?+
Sheldon Place Iv is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Sheldon Place Iv?+
Sheldon Place Iv 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Sheldon Place Iv
Alpine Alten Zimmmer Ii
Gaylord, MI
48 UnitsSheldon Place Apts
Gaylord, MI
32 UnitsAspen Ii Apts
Gaylord, MI
32 UnitsNorthwind Apartment Homes
Gaylord, MI
48 UnitsAspen I Apts
Gaylord, MI
48 UnitsAlpine Haus Apts
Gaylord, MI
50 Units