Apply to Indian River Apartment Waiting Lists
- 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.
South Pointe I, II, III
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There are 16 low-income apartments in Indian River that offer reduced rents to eligible households.
Rental assistance programs support 16 low-income homes in Indian River where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 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 Indian River, 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 |
|---|---|
| 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) |
Indian River, Michigan Affordable Housing Data
Income Based Apartments in Indian River, Michigan
Indian River features 16 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 Indian River, Michigan
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Indian River.
Housing Choice Vouchers in Indian River, Michigan
On average, Section 8 Housing Choice vouchers pay Indian River landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Indian River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Indian River, Michigan for a two-bedroom apartment is between $899 and $1,099.
2024 Indian River, 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 | |
|---|---|---|---|---|---|
| Indian River, Michigan Fair Market Rent | $677 | $760 | $999 | $1,208 | $1,330 |
| Indian River, Michigan Payment Standard Range | $609 to $745 | $684 to $836 | $899 to $1,099 | $1,087 to $1,329 | $1,197 to $1,463 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Indian River, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 32 |
| Total Housing Units with Rental Assistance | 16 |
| Percentage of Housing Units Occupied By Renters | 31.48% |
| Average Renter Household Size | 1.53 |
| Average Household Size | 2.01 |
| Median Household Income | $47,981 ±$11,027 |
| Median Rent | $491 ±$71 |
| Percentage Of Renters Overburdened | 34.3% ± 15.63pp |
| Total Population | 1,771 |
Population and Household Demographics
Indian River is a city in Cheboygan County, Michigan with a population of 1,771. There are 880 households in the city with an average household size of 2.01 persons. 31.48% of households in Indian River are renters.
Income and Rent Overburden in Indian River
The median gross income for households in Indian River is $47,981 a year, or $3,998 a month. The median rent for the city is $491 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Indian River, a household making less than $1,637 a month would be considered overburdened when renting an apartment at or above the median rent. 34.3% of households who rent are overburdened in Indian River.
Area Median Income In Indian River
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 Indian River, the AMI is calculated from all households within Cheboygan County.
In Indian River, HUD calculates the Area Median Income for a family of four as $70,900
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 Indian River
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 Indian River
| 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 Indian River 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 Indian River 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 Indian River 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 |
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