About This Property
Village Place of Vassar contains 32 low-income residential units in Vassar, Michigan, consisting of twelve 1-bedroom and twenty 2-bedroom apartments. The property has been in service since 2000 and is financed through tax-exempt bonds with 4% Low-Income Housing Tax Credit (LIHTC) funding. Interested parties can contact the property for availability and application information.
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 Vassar, 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 Village Place of Vassar is typically 30% of household income or less.
What size apartments are available at Village Place of Vassar?+
Village Place of Vassar offers the following unit types: 12 One-Bedroom, 20 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Village Place of Vassar?+
Village Place of Vassar 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 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.
What is the price range for apartments in Vassar, MI?+
Based on Fair Market Rent for Tuscola County, the estimated price range is: 1-bedroom: $746, 2-bedroom: $905. Actual rent at Village Place of Vassar may be lower for income-eligible households.
Who manages Village Place of Vassar?+
Village Place of Vassar is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.