About This Property
The Depot is a 51-unit affordable housing community in Coopersville, Michigan, consisting of 36 one-bedroom and 15 two-bedroom apartments. Fifty units serve low-income residents and were financed through 4% LIHTC credits and tax-exempt bonds. The property has been in operation since 2000.
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 Coopersville, 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 The Depot is typically 30% of household income or less.
What size apartments are available at The Depot?+
The Depot offers the following unit types: 36 One-Bedroom, 15 Two-Bedroom units, for a total of 51 units.
How do I apply for housing at The Depot?+
The Depot 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 is the price range for apartments in Coopersville, MI?+
Based on Fair Market Rent for Ottawa County, the estimated price range is: 1-bedroom: $1115, 2-bedroom: $1260. Actual rent at The Depot may be lower for income-eligible households.
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.
Who manages The Depot?+
The Depot is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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