About This Property
Stonebridge Apts is a 52-unit affordable housing community in Allendale, Michigan that has served elderly residents since 2005. The property includes 13 one-bedroom and 39 two-bedroom units, with 51 designated as low-income housing. Financing includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Ottawa 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 | $931 |
| 1 Bedroom | $1,115 |
| 2 Bedroom | $1,260 |
| 3 Bedroom | $1,665 |
| 4 Bedroom | $1,775 |
Income Limits - Ottawa County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,500
- Low (80%)
- $48,800
- Extremely Low (30%)
- $20,950
- Very Low (50%)
- $34,850
- Low (80%)
- $55,800
- Extremely Low (30%)
- $23,550
- Very Low (50%)
- $39,200
- Low (80%)
- $62,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,550
- Low (80%)
- $69,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,050
- Low (80%)
- $75,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,550
- Low (80%)
- $80,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,050
- Low (80%)
- $86,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,500
- Low (80%)
- $92,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,350 | $30,500 | $48,800 |
| 2 Persons | $20,950 | $34,850 | $55,800 |
| 3 Persons | $23,550 | $39,200 | $62,750 |
| 4 Persons | $26,500 | $43,550 | $69,700 |
| 5 Persons | $31,040 | $47,050 | $75,300 |
| 6 Persons | $35,580 | $50,550 | $80,900 |
| 7 Persons | $40,120 | $54,050 | $86,450 |
| 8 Persons | $44,660 | $57,500 | $92,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Allendale, MI?+
The Fair Market Rent (FMR) for Ottawa County, MI is: $931 (Studio), $1115 (1BR), $1260 (2BR), $1665 (3BR), $1775 (4BR). Actual rent at subsidized properties like Stonebridge Apts is typically 30% of household income or less.
What size apartments are available at Stonebridge Apts?+
Stonebridge Apts offers the following unit types: 13 One-Bedroom, 39 Two-Bedroom units, for a total of 52 units.
What are the income limits for affordable housing in Ottawa County, MI?+
For a 4-person household in Ottawa County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,550, Low Income (80% AMI): $69,700. These limits are set by HUD and updated annually.
How do I apply for housing at Stonebridge Apts?+
Stonebridge 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 is eligible to live at Stonebridge Apts?+
Stonebridge Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Stonebridge Apts?+
Stonebridge Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Allendale, MI?+
Based on Fair Market Rent for Ottawa County, the estimated price range is: 1-bedroom: $1115, 2-bedroom: $1260. Actual rent at Stonebridge Apts may be lower for income-eligible households.
Walk Score
Car-Dependent