About This Property
Park Place in Hemlock contains 30 units of affordable housing, including 29 low-income units, with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 1995 and receives 9% Low-Income Housing Tax Credit financing. The community includes 14 one-bedroom units, 14 two-bedroom units, and 2 three-bedroom units.
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 Hemlock, 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 Park Place (Hemlock) is typically 30% of household income or less.
What size apartments are available at Park Place (Hemlock)?+
Park Place (Hemlock) offers the following unit types: 14 One-Bedroom, 14 Two-Bedroom, 2 Three-Bedroom units, for a total of 30 units.
How do I apply for housing at Park Place (Hemlock)?+
Park Place (Hemlock) 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 Park Place (Hemlock)?+
Park Place (Hemlock) is managed by . You can reach them at .
What is the price range for apartments in Hemlock, MI?+
Based on Fair Market Rent for Saginaw County, the estimated price range is: 1-bedroom: $764, 2-bedroom: $1004, 3-bedroom: $1295. Actual rent at Park Place (Hemlock) may be lower for income-eligible households.
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.