About This Property
Oakwood Apts comprises 44 units in Ackerman, Mississippi, with 42 designated as low-income housing serving elderly residents. The property includes 40 one-bedroom and 4 two-bedroom units and has been in service since 2013. This development utilizes 4% Low-Income Housing Tax Credits to support affordable housing availability in Choctaw County.
Property Details
Fair Market Rent - Choctaw 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 | $1,148 |
| 4 Bedroom | $1,219 |
Income Limits - Choctaw County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,150
- Low (80%)
- $35,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,900
- Low (80%)
- $39,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,650
- Low (80%)
- $44,250
- Extremely Low (30%)
- $29,900
- Very Low (50%)
- $29,900
- Low (80%)
- $47,800
- Extremely Low (30%)
- $32,100
- Very Low (50%)
- $32,100
- Low (80%)
- $51,350
- Extremely Low (30%)
- $34,300
- Very Low (50%)
- $34,300
- Low (80%)
- $54,900
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,000 |
| 2 Persons | $17,420 | $22,150 | $35,400 |
| 3 Persons | $21,960 | $24,900 | $39,850 |
| 4 Persons | $26,500 | $27,650 | $44,250 |
| 5 Persons | $29,900 | $29,900 | $47,800 |
| 6 Persons | $32,100 | $32,100 | $51,350 |
| 7 Persons | $34,300 | $34,300 | $54,900 |
| 8 Persons | $36,500 | $36,500 | $58,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ackerman, MS?+
The Fair Market Rent (FMR) for Choctaw County, MS is: $683 (Studio), $687 (1BR), $903 (2BR), $1148 (3BR), $1219 (4BR). Actual rent at subsidized properties like Oakwood Apts is typically 30% of household income or less.
What size apartments are available at Oakwood Apts?+
Oakwood Apts offers the following unit types: 40 One-Bedroom, 4 Two-Bedroom units, for a total of 44 units.
What are the income limits for affordable housing in Choctaw County, MS?+
For a 4-person household in Choctaw County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,650, Low Income (80% AMI): $44,250. These limits are set by HUD and updated annually.
Who is eligible to live at Oakwood Apts?+
Oakwood Apts primarily serves elderly residents, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Oakwood Apts?+
Oakwood Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Oakwood Apts?+
Oakwood Apts 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 Ackerman, MS?+
Based on Fair Market Rent for Choctaw County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903. Actual rent at Oakwood Apts may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
