Nisbett - Fairman Residences
100 S Michigan Ave, Big Rapids, Michigan 49307
Contact Nisbett - Fairman Residences
Nisbett - Fairman Residences is managed by Big Rapids Housing Commission.
The Nisbett-Fairman Residences offers a unique lifestyle opportunity in Big Rapids for people 55 and better.
The Nisbett-Fairman Residences are located in two beautiful historic buildings, which were remodeled with an emphasis on convenience, safety and security. Built in the 1880's, the renovation highlights the historical integrity of the buildings.
Located on the corner of Maple and South Michigan Street in downtown Big Rapids, the Nisbett-Fairman Residences are within easy walking distance to many local merchants including banks, city hall, post office, antique stores, and shopping. Choose from several hair salons and a barbershop located within one to two blocks. The Muskegon River is located about three blocks east of the Nisbett-Fairman Residences, and features a fully accessible River Walkway which promotes recreation, fishing and nature awareness for all.
Eligibility for Nisbett - Fairman Residences
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Big Rapids but actual income limits may differ for units at Nisbett - Fairman Residences.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $43,950 | $46,950 | $50,000 |
| Low Income (60%) | $31,800 | $36,360 | $40,920 | $45,420 | $49,080 | $52,740 | $56,340 | $60,000 |
Nisbett - Fairman Residences Details
- 20 bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
Property Amenities
- Community Room
- 24hr Emergency Maintenance
- Emergency Pull Cord
- Heat Included
Unit Amenities
- Water Trash and Sewer Included
- Washer and Dryer Included
Nearby Amenities
- Close to Public Transportation
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:00am-12:00pm |
| Tuesday | 8:00am-12:00pm |
| Wednesday | 8:00am-12:00pm |
| Thursday | 8:00am-12:00pm |
| Friday | 8:00am-12:00pm |
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
HOME Investment Partnerships Program
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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