About This Property
Lakeview Terrace contains 16 three-bedroom units designated for low-income households in Shelby, Mississippi. The property has served residents since 1995 and utilizes 9% Low-Income Housing Tax Credits to support affordability. The community serves disabled individuals and is managed locally in Bolivar County.
Waitlist Information
Waitlist managed by The Housing Authority of the City of Shelby
The waiting list for Public Housing for The Housing Authority of the City of Shelby has changed from open to closed as of May 22, 2026. Eligibility is based on income, family status, and U.S. citizenship or eligible immigration status, with a criminal background check required.
Eligibility generally depends on annual gross income, age or disability status, and US citizenship or eligible immigration.
Waitlist data provided by section8waitlist.org
Updated May 29, 2026
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shelby, 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 Lakeview Terrace is typically 30% of household income or less.
What size apartments are available at Lakeview Terrace?+
Lakeview Terrace offers the following unit types: 16 Three-Bedroom units, for a total of 16 units.
Who manages Lakeview Terrace?+
Lakeview Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lakeview Terrace?+
Lakeview Terrace primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Lakeview Terrace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Shelby, MS?+
Based on Fair Market Rent for Bolivar County, the estimated price range is: 3-bedroom: $1120. Actual rent at Lakeview Terrace may be lower for income-eligible households.
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.
How do I apply for housing at Lakeview Terrace?+
Lakeview Terrace 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.