About This Property
Village Manor Apts offers 24 low-income units in Mt. Olive, MS, consisting of eighteen 1-bedroom and six 2-bedroom apartments. The property has been in service since 1992 and is funded through 4% Low-Income Housing Tax Credits, serving elderly and disabled residents. This Covington County community provides affordable rental housing for qualifying tenants.
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 Village Manor Apts is typically 30% of household income or less.
What size apartments are available at Village Manor Apts?+
Village Manor Apts offers the following unit types: 18 One-Bedroom, 6 Two-Bedroom units, for a total of 24 units.
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 Village Manor Apts may be lower for income-eligible households.
Who manages Village Manor Apts?+
Village Manor Apts is managed by . You can reach them at . Visit their website for more information.
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 Village Manor Apts?+
Village Manor Apts primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Village Manor Apts?+
Village Manor 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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