About This Property
Montague Place offers 28 low-income residential units in Caro, Michigan, consisting of 26 one-bedroom and 2 two-bedroom apartments. The property has been in service since 1991 and is financed through 4% Low-Income Housing Tax Credits. Interested parties can contact the property management for additional information and lease inquiries.
Property Details
Fair Market Rent - Tuscola 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 | $613 |
| 1 Bedroom | $746 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,250 |
| 4 Bedroom | $1,369 |
Income Limits - Tuscola 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 Caro, MI?+
The Fair Market Rent (FMR) for Tuscola County, MI is: $613 (Studio), $746 (1BR), $905 (2BR), $1250 (3BR), $1369 (4BR). Actual rent at subsidized properties like Montague Place is typically 30% of household income or less.
What size apartments are available at Montague Place?+
Montague Place offers the following unit types: 26 One-Bedroom, 2 Two-Bedroom units, for a total of 28 units.
What is the price range for apartments in Caro, MI?+
Based on Fair Market Rent for Tuscola County, the estimated price range is: 1-bedroom: $746, 2-bedroom: $905. Actual rent at Montague Place may be lower for income-eligible households.
How do I apply for housing at Montague Place?+
Montague Place 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.
Who manages Montague Place?+
Montague Place is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Tuscola County, MI?+
For a 4-person household in Tuscola 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.