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 |
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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.
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.
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.
Who manages Park Place (Hemlock)?+
Park Place (Hemlock) is managed by . You can reach them at .
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.