About This Property
Kingswood Apts II comprises 24 low-income units in Mt Olive, MS, with a mix of 2 one-bedroom and 22 two-bedroom apartments serving families. The property has been in service since 1988 and operates under 4% Low-Income Housing Tax Credit financing. Units are available for households meeting low-income eligibility requirements.
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 Mount Olive, 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 Kingswood Apts Ii is typically 30% of household income or less.
What size apartments are available at Kingswood Apts Ii?+
Kingswood Apts Ii offers the following unit types: 2 One-Bedroom, 22 Two-Bedroom units, for a total of 24 units.
Who manages Kingswood Apts Ii?+
Kingswood Apts Ii is managed by . You can reach them at .
How do I apply for housing at Kingswood Apts Ii?+
Kingswood Apts Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 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.
Who is eligible to live at Kingswood Apts Ii?+
Kingswood Apts Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Mount Olive, MS?+
Based on Fair Market Rent for Covington County, the estimated price range is: 1-bedroom: $749, 2-bedroom: $903. Actual rent at Kingswood Apts Ii may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.