About This Property
Falcon Woods is a 144-unit affordable housing community in Holland, Michigan that has been serving residents since 2015. The property provides housing for families, elderly individuals, disabled persons, and formerly homeless residents through a mix of one-, two-, and three-bedroom units. Falcon Woods was developed with HOME program funding and tax-exempt bonds and operates as a low-income housing community.
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 Holland, 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 Falcon Woods is typically 30% of household income or less.
What size apartments are available at Falcon Woods?+
Falcon Woods offers the following unit types: 32 One-Bedroom, 72 Two-Bedroom, 40 Three-Bedroom units, for a total of 144 units.
Who manages Falcon Woods?+
Falcon Woods is managed by . You can reach them at . Visit their website for more information.
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 is eligible to live at Falcon Woods?+
Falcon Woods primarily serves families, elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Holland, MI?+
Based on Fair Market Rent for Ottawa County, the estimated price range is: 1-bedroom: $1115, 2-bedroom: $1260, 3-bedroom: $1665. Actual rent at Falcon Woods may be lower for income-eligible households.
How do I apply for housing at Falcon Woods?+
Falcon Woods 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
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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