About This Property
Mill Point Place comprises 24 two-bedroom units in Spring Lake, Michigan, with 19 designated as low-income housing. The property was placed in service in 2017 and serves elderly residents through a 9% Low-Income Housing Tax Credit structure. The community is currently managed and available for inquiry regarding residency.
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 Spring Lake, 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 Mill Point Place is typically 30% of household income or less.
What size apartments are available at Mill Point Place?+
Mill Point Place offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
Who manages Mill Point Place?+
Mill Point Place 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.
How do I apply for housing at Mill Point Place?+
Mill Point Place 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 Mill Point Place?+
Mill Point Place primarily serves elderly residents. 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 Spring Lake, MI?+
Based on Fair Market Rent for Ottawa County, the estimated price range is: 2-bedroom: $1260. Actual rent at Mill Point Place may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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