Houghton Lake Timber Apartments is managed by Red Oak Management.
Houghton Lake Timber Apartment Homes offer affordable rent in a comfortable environment. This community is in a great location with easy access to M-55, public transportation and a school bus route. There are convenient laundry facilities available in each building. Rent includes free heat, water and trash removal. Maintenance, lawn care, snow removal, etc., also included in the rent. Each apartment has sliding glass doors with access to a deck or patio and lots of cupboard and closet space! Parking is off-street, well lit and well maintained. The Site Manager for Houghton Lake Timber Apartments lives locally, is on site frequently and keeps regular office hours.
The Houghton Lake Apartments waiting list is currently open until further notice.
Last updated on May 21st, 2019Generally, 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 Houghton Lake but actual income limits may differ for units at Houghton Lake Timber Apartments.
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 |
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.
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.