About This Property
Walnut Acres I offers 48 units of affordable housing in Corunna, Michigan, including 44 low-income units designed to serve families. The property includes 24 one-bedroom and 24 two-bedroom units and has been in service since 2004.
Property Details
Fair Market Rent - Shiawassee 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 | $684 |
| 1 Bedroom | $689 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,221 |
| 4 Bedroom | $1,278 |
Income Limits - Shiawassee County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Corunna, MI?+
The Fair Market Rent (FMR) for Shiawassee County, MI is: $684 (Studio), $689 (1BR), $905 (2BR), $1221 (3BR), $1278 (4BR). Actual rent at subsidized properties like Walnut Acres I is typically 30% of household income or less.
What size apartments are available at Walnut Acres I?+
Walnut Acres I offers the following unit types: 24 One-Bedroom, 24 Two-Bedroom units, for a total of 48 units.
What is the price range for apartments in Corunna, MI?+
Based on Fair Market Rent for Shiawassee County, the estimated price range is: 1-bedroom: $689, 2-bedroom: $905. Actual rent at Walnut Acres I may be lower for income-eligible households.
Who is eligible to live at Walnut Acres I?+
Walnut Acres I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Shiawassee County, MI?+
For a 4-person household in Shiawassee County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
Who manages Walnut Acres I?+
Walnut Acres I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Walnut Acres I?+
Walnut Acres I 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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