About This Property
Pace Apt Homes contains 12 three-bedroom units designated for low-income families in Pace, Mississippi. The property has been in service since 1995 and receives 4% Low-Income Housing Tax Credit financing. All 12 units serve the affordable housing needs of Bolivar County residents.
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 Pace, 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 Pace Apt Homes is typically 30% of household income or less.
What size apartments are available at Pace Apt Homes?+
Pace Apt Homes offers the following unit types: 12 Three-Bedroom units, for a total of 12 units.
Who manages Pace Apt Homes?+
Pace Apt Homes is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pace Apt Homes?+
Pace Apt Homes 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.
What is the price range for apartments in Pace, MS?+
Based on Fair Market Rent for Bolivar County, the estimated price range is: 3-bedroom: $1120. Actual rent at Pace Apt Homes may be lower for income-eligible households.
Who is eligible to live at Pace Apt Homes?+
Pace Apt Homes primarily serves families. 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.
Contact Information
Location
Bolivar County, MS
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