About This Property
Heritage Village Apts Phase II offers 48 units of affordable housing in Frankenmuth, Michigan, with 47 designated as low-income units. The property features a mix of 20 one-bedroom and 28 two-bedroom apartments and has been in service since 1995. This Saginaw County property provides rental options for households meeting income eligibility requirements.
Property Details
Fair Market Rent - Saginaw 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 | $681 |
| 1 Bedroom | $764 |
| 2 Bedroom | $1,004 |
| 3 Bedroom | $1,295 |
| 4 Bedroom | $1,337 |
Income Limits - Saginaw County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Frankenmuth, MI?+
The Fair Market Rent (FMR) for Saginaw County, MI is: $681 (Studio), $764 (1BR), $1004 (2BR), $1295 (3BR), $1337 (4BR). Actual rent at subsidized properties like Heritage Village Apts Phase Ii is typically 30% of household income or less.
What size apartments are available at Heritage Village Apts Phase Ii?+
Heritage Village Apts Phase Ii offers the following unit types: 20 One-Bedroom, 28 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Heritage Village Apts Phase Ii?+
Heritage Village Apts Phase Ii 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 Frankenmuth, MI?+
Based on Fair Market Rent for Saginaw County, the estimated price range is: 1-bedroom: $764, 2-bedroom: $1004. Actual rent at Heritage Village Apts Phase Ii may be lower for income-eligible households.
Who manages Heritage Village Apts Phase Ii?+
Heritage Village Apts Phase Ii is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Saginaw County, MI?+
For a 4-person household in Saginaw County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.