About This Property
Stoney Creek Village offers 48 units of affordable housing in Owosso, Michigan, with 36 units designated for low-income residents. The community serves elderly residents and includes a mix of 20 one-bedroom and 28 two-bedroom units. The property has been in service since 2004 and utilizes 4% Low-Income Housing Tax Credits along with HOME funding and tax-exempt bonds.
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 Owosso, 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 Stoney Creek Village (Owosso) is typically 30% of household income or less.
What size apartments are available at Stoney Creek Village (Owosso)?+
Stoney Creek Village (Owosso) offers the following unit types: 20 One-Bedroom, 28 Two-Bedroom units, for a total of 48 units.
Who is eligible to live at Stoney Creek Village (Owosso)?+
Stoney Creek Village (Owosso) primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Stoney Creek Village (Owosso)?+
Stoney Creek Village (Owosso) is managed by . You can reach them at .
How do I apply for housing at Stoney Creek Village (Owosso)?+
Stoney Creek Village (Owosso) 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 is the price range for apartments in Owosso, MI?+
Based on Fair Market Rent for Shiawassee County, the estimated price range is: 1-bedroom: $689, 2-bedroom: $905. Actual rent at Stoney Creek Village (Owosso) may be lower for income-eligible households.
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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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