; Low Income Apartments For Rent in North Branch, MI

Apply to North Branch Apartment Waiting Lists

North Branch Commons

6733 North Branch Ct
North Branch, Michigan
Subsidized
Rent Assisted
Senior
Supportive
PBRA
S515

Timber Creek

3893 Orr Dr
North Branch, Michigan
Rent Assisted
LIHTC
Showing Results 1-15
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There are 32 low-income apartments in North Branch that offer reduced rents to eligible households.

Rental assistance programs support 32 low-income homes in North Branch where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $294 towards rent each month.

Affordable rent data for some communities last confirmed on October 29th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving North Branch, 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
Detroit Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation; Family Unification Program (FUP)
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)
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near North Branch.

North Branch, Michigan Affordable Housing Data

Income Based Apartments in North Branch, Michigan

North Branch features 32 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 North Branch, Michigan

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Branch.

Housing Choice Vouchers in North Branch, Michigan

On average, Section 8 Housing Choice vouchers pay North Branch landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in North Branch.

The maximum amount a voucher would pay on behalf of a low-income tenant in North Branch, Michigan for a two-bedroom apartment is between $1,162 and $1,420.

2024 North Branch, 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
North Branch, Michigan Fair Market Rent $920 $1,019 $1,291 $1,595 $1,719
North Branch, Michigan Payment Standard Range $828 to $1,012 $917 to $1,121 $1,162 to $1,420 $1,436 to $1,755 $1,547 to $1,891

Sourced from federal housing data and AffordableHousingOnline.com research.

North Branch, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 64
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 40.27%
Average Renter Household Size 2.16
Average Household Size 2.24
Median Household Income $34,375 ±$8,424
Median Rent $700 ±$234
Percentage Of Renters Overburdened 46.07% ± 15.02pp
Total Population 1,003

Population and Household Demographics

North Branch is a city in Lapeer County, Michigan with a population of 1,003. There are 442 households in the city with an average household size of 2.24 persons. 40.27% of households in North Branch are renters.

Income and Rent Overburden in North Branch

The median gross income for households in North Branch is $34,375 a year, or $2,865 a month. The median rent for the city is $700 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Branch, a household making less than $2,333 a month would be considered overburdened when renting an apartment at or above the median rent. 46.07% of households who rent are overburdened in North Branch.

Area Median Income In North Branch

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 North Branch, the AMI is calculated from all households within Lapeer County.

In North Branch, HUD calculates the Area Median Income for a family of four as $94,700

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 North Branch

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 North Branch

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 North Branch AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,900 $22,750 $25,600 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the North Branch AMI may qualify for rental assistance programs that target Very Low Income households.
$33,150 $37,900 $42,650 $47,350 $51,150 $54,950 $58,750 $62,550
80% AMI Income Limits
Renters earning up to 80% of the North Branch AMI may qualify for rental assistance programs that target Low Income households.
$53,050 $60,600 $68,200 $75,750 $81,850 $87,900 $93,950 $100,000