About This Property
Carpenter Estates comprises 72 low-income units in Cleveland, Mississippi, serving families and individuals with disabilities. The property includes 40 two-bedroom and 32 three-bedroom units and has been in service since 2005 as a 9% LIHTC credit property. For more information, contact the property management office.
Property Details
Fair Market Rent - Bolivar County, MS
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $683 |
| 1 Bedroom | $687 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,120 |
| 4 Bedroom | $1,203 |
Income Limits - Bolivar County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,600
- Low (80%)
- $29,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,250
- Low (80%)
- $34,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $23,900
- Low (80%)
- $38,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $26,550
- Low (80%)
- $42,500
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $28,700
- Low (80%)
- $45,900
- Extremely Low (30%)
- $30,800
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $32,950
- Very Low (50%)
- $32,950
- Low (80%)
- $52,700
- Extremely Low (30%)
- $35,050
- Very Low (50%)
- $35,050
- Low (80%)
- $56,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,600 | $29,750 |
| 2 Persons | $17,420 | $21,250 | $34,000 |
| 3 Persons | $21,960 | $23,900 | $38,250 |
| 4 Persons | $26,500 | $26,550 | $42,500 |
| 5 Persons | $28,700 | $28,700 | $45,900 |
| 6 Persons | $30,800 | $30,800 | $49,300 |
| 7 Persons | $32,950 | $32,950 | $52,700 |
| 8 Persons | $35,050 | $35,050 | $56,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cleveland, MS?+
The Fair Market Rent (FMR) for Bolivar County, MS is: $683 (Studio), $687 (1BR), $903 (2BR), $1120 (3BR), $1203 (4BR). Actual rent at subsidized properties like Carpenter Estates is typically 30% of household income or less.
What size apartments are available at Carpenter Estates?+
Carpenter Estates offers the following unit types: 40 Two-Bedroom, 32 Three-Bedroom units, for a total of 72 units.
Who is eligible to live at Carpenter Estates?+
Carpenter Estates primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Bolivar County, MS?+
For a 4-person household in Bolivar County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $26,550, Low Income (80% AMI): $42,500. These limits are set by HUD and updated annually.
What is the price range for apartments in Cleveland, MS?+
Based on Fair Market Rent for Bolivar County, the estimated price range is: 2-bedroom: $903, 3-bedroom: $1120. Actual rent at Carpenter Estates may be lower for income-eligible households.
How do I apply for housing at Carpenter Estates?+
Carpenter Estates is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Carpenter Estates?+
Carpenter Estates is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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