About This Property
Waverly Meadows I consists of 70 low-income units designed to serve elderly residents in Holland, Michigan. The community offers a mix of 49 one-bedroom and 21 two-bedroom apartments and has been in service since 2010. This property is located in Ottawa County.
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 |
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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 Waverly Meadows I is typically 30% of household income or less.
What size apartments are available at Waverly Meadows I?+
Waverly Meadows I offers the following unit types: 49 One-Bedroom, 21 Two-Bedroom units, for a total of 70 units.
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. Actual rent at Waverly Meadows I 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 is eligible to live at Waverly Meadows I?+
Waverly Meadows I primarily serves elderly residents, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Waverly Meadows I?+
Waverly Meadows I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Waverly Meadows I?+
Waverly Meadows I is managed by . You can reach them at .
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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