About This Property
New Lothrop Commons Apts provides 16 low-income rental units in New Lothrop, Michigan, with a mix of six 1-bedroom and ten 2-bedroom apartments. The property has been in service since 1996 and operates with 4% Low-Income Housing Tax Credit financing. Interested parties may contact the property management for additional information.
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 New Lothrop, 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 New Lothrop Commons Apts is typically 30% of household income or less.
What size apartments are available at New Lothrop Commons Apts?+
New Lothrop Commons Apts offers the following unit types: 6 One-Bedroom, 10 Two-Bedroom units, for a total of 16 units.
What is the price range for apartments in New Lothrop, MI?+
Based on Fair Market Rent for Shiawassee County, the estimated price range is: 1-bedroom: $689, 2-bedroom: $905. Actual rent at New Lothrop Commons Apts may be lower for income-eligible households.
Who manages New Lothrop Commons Apts?+
New Lothrop Commons Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at New Lothrop Commons Apts?+
New Lothrop Commons Apts 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 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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