Fairlane Meadows Cooperative
3471 Fairmeadow Dr SW, Grandville, Michigan 49418
We are a Cooperative Community with a certain number of Section 8 units.
Eligibility for Fairlane Meadows Cooperative
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Grandville but actual income limits may differ for units at Fairlane Meadows Cooperative.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $19,900 | $22,750 | $25,600 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $33,150 | $37,900 | $42,650 | $47,350 | $51,150 | $54,950 | $58,750 | $62,550 |
| 80% | $53,050 | $60,600 | $68,200 | $75,750 | $81,850 | $87,900 | $93,950 | $100,000 |
Fairlane Meadows Cooperative Details
- 48 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Section 221 (d) (3)
- Section 236
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Section 236
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.
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