About This Property
Magnolia Heights Apts comprises 32 low-income units in Collins, MS, serving elderly residents with a mix of 24 one-bedroom and 8 two-bedroom apartments. The property has been in service since 1991 and utilizes 4% Low-Income Housing Tax Credits to support affordability. The community provides housing options for seniors in Covington County.
Property Details
Fair Market Rent - Covington 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 | $614 |
| 1 Bedroom | $749 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,210 |
| 4 Bedroom | $1,215 |
Income Limits - Covington 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 Collins, MS?+
The Fair Market Rent (FMR) for Covington County, MS is: $614 (Studio), $749 (1BR), $903 (2BR), $1210 (3BR), $1215 (4BR). Actual rent at subsidized properties like Magnolia Heights Apts is typically 30% of household income or less.
What size apartments are available at Magnolia Heights Apts?+
Magnolia Heights Apts offers the following unit types: 24 One-Bedroom, 8 Two-Bedroom units, for a total of 32 units.
What is the price range for apartments in Collins, MS?+
Based on Fair Market Rent for Covington County, the estimated price range is: 1-bedroom: $749, 2-bedroom: $903. Actual rent at Magnolia Heights Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Covington County, MS?+
For a 4-person household in Covington 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 Magnolia Heights Apts?+
Magnolia Heights 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.
Who manages Magnolia Heights Apts?+
Magnolia Heights Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Magnolia Heights Apts?+
Magnolia Heights Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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