Michigan

USDA rental housing in Iosco County, MI

6 properties in Iosco County have USDA Section 515 or 514 financing: 218 apartments across 3 towns. 187 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

6properties
218apartments
187rental assistance units
7vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Harbor Pointe Apts

1057 E Lincoln St, East Tawas, MI 48730

Elderly · 24 1BR

Managed by Gld Management Company

Units
24
Rental assistance
22
Vacant
2
Accessible
1
Opened
1989

Maple Tree Apts

410 Grant Street Apt. #9, East Tawas, MI 48730

Family · 20 1BR, 24 2BR, 4 3BR

Managed by Gardner Management

Units
48
Rental assistance
27
Vacant
2
Accessible
0
Opened
2008

Gull Pointe Apts. C/o Medallion Mgmt.

4363 Budziak RD, Oscoda, MI 48750

Family · 14 1BR, 36 2BR

Managed by Medallion Management

Units
50
Rental assistance
49
Vacant
1
Accessible
3
Opened
2002

Huron Beach Apartme

111 Pack St, Oscoda, MI 48750

Family · 24 1BR, 24 2BR

Managed by Medallion Management

Units
48
Rental assistance
47
Vacant
0
Accessible
1
Opened
2000

Oscoda Shores Apts

5035 Cedar Lake RD, Oscoda, MI 48750

Elderly · 24 1BR

Managed by Gld Management Company

Units
24
Rental assistance
21
Vacant
0
Accessible
1
Opened
1991

Whittemore Square

309 E Whittemore RD, Whittemore, MI 48770

Elderly · 22 1BR, 2 2BR

Managed by Gld Management Company

Units
24
Rental assistance
21
Vacant
2
Accessible
0
Opened
1986

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

All 6 are limited-profit. 5 also have housing tax credits. 3 serve elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Iosco County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).