Apply to Coldwater Apartment Waiting Lists
- Coldwater Housing Commission Public Housing is open.
- Clawson Manor Apartments Senior/ Disabled Section 8 Project-Based Voucher is open.
- Shelby Trails Section 8 Project-Based Voucher is open.
- The Grand on University Section 8 Project-Based Voucher is open.
- Edison Crossing Section 8 Project-Based Voucher is open.
- Dr. Maya Angelou Village Section 8 Project-Based Voucher is open.
Country Knoll
Coldwater Crossings
Old Mill Race Apartments
Meadow View Senior Apartments
East Wind Apartments
Whispering Pines Apartments - Phase II
- «
- 1
- »
There are 440 low-income apartments in Coldwater that offer reduced rents to eligible households. Low-income rents in Coldwater, Michigan can range from $425 to $915 depending on the number of bedrooms.
Rental assistance programs support 296 low-income homes in Coldwater where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $308 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Coldwater, Michigan
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Coldwater Housing Commission | Public Housing |
| Michigan State Housing Development Authority | Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV) |
Coldwater, Michigan Affordable Housing Data
Income Based Apartments in Coldwater, Michigan
Coldwater features 296 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Coldwater, Michigan
There are 440 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coldwater.
Housing Choice Vouchers in Coldwater, Michigan
On average, Section 8 Housing Choice vouchers pay Coldwater landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Coldwater.
The maximum amount a voucher would pay on behalf of a low-income tenant in Coldwater, Michigan for a two-bedroom apartment is between $835 and $1,021.
2024 Coldwater, Michigan Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Coldwater, Michigan Fair Market Rent | $747 | $752 | $928 | $1,233 | $1,236 |
| Coldwater, Michigan Payment Standard Range | $672 to $822 | $677 to $827 | $835 to $1,021 | $1,110 to $1,356 | $1,112 to $1,360 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Coldwater, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 14 |
|---|---|
| Total Low Income Apartments | 736 |
| Total Housing Units with Rental Assistance | 296 |
| Percentage of Housing Units Occupied By Renters | 40.67% |
| Average Renter Household Size | 2.18 |
| Average Household Size | 2.58 |
| Median Household Income | $35,560 ±$2,657 |
| Median Rent | $657 ±$56 |
| Percentage Of Renters Overburdened | 48.76% ± 9.34pp |
| Total Population | 10,866 |
Population and Household Demographics
Coldwater is a city in Branch County, Michigan with a population of 10,866. There are 4,079 households in the city with an average household size of 2.58 persons. 40.67% of households in Coldwater are renters.
Income and Rent Overburden in Coldwater
The median gross income for households in Coldwater is $35,560 a year, or $2,963 a month. The median rent for the city is $657 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Coldwater, a household making less than $2,190 a month would be considered overburdened when renting an apartment at or above the median rent. 48.76% of households who rent are overburdened in Coldwater.
Area Median Income In Coldwater
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Coldwater, the AMI is calculated from all households within Branch County.
In Coldwater, HUD calculates the Area Median Income for a family of four as $74,400
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Coldwater
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Coldwater
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Coldwater AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,900 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,000 |
| 50% AMI Income Limits Renters earning up to 50% of the Coldwater AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $43,950 | $46,950 | $50,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Coldwater AMI may qualify for rental assistance programs that target Low Income households. |
$42,400 | $48,450 | $54,500 | $60,550 | $65,400 | $70,250 | $75,100 | $79,950 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.