About This Property
Gates At Coralbay offers 160 residential units in Waveland, Mississippi, with 157 designated as low-income housing. The property features a mix of one, two, and three-bedroom floor plans, with 24 one-bedroom, 80 two-bedroom, and 56 three-bedroom units available. Placed in service in 2010, the community utilizes 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Hancock 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 | $825 |
| 1 Bedroom | $923 |
| 2 Bedroom | $1,151 |
| 3 Bedroom | $1,525 |
| 4 Bedroom | $1,626 |
Income Limits - Hancock County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,250
- Low (80%)
- $33,950
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,250
- Low (80%)
- $38,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,300
- Low (80%)
- $43,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,300
- Low (80%)
- $48,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,750
- Low (80%)
- $52,400
- Extremely Low (30%)
- $35,150
- Very Low (50%)
- $35,150
- Low (80%)
- $56,300
- Extremely Low (30%)
- $37,600
- Very Low (50%)
- $37,600
- Low (80%)
- $60,150
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,250 | $33,950 |
| 2 Persons | $17,420 | $24,250 | $38,800 |
| 3 Persons | $21,960 | $27,300 | $43,650 |
| 4 Persons | $26,500 | $30,300 | $48,500 |
| 5 Persons | $31,040 | $32,750 | $52,400 |
| 6 Persons | $35,150 | $35,150 | $56,300 |
| 7 Persons | $37,600 | $37,600 | $60,150 |
| 8 Persons | $40,000 | $40,000 | $64,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waveland, MS?+
The Fair Market Rent (FMR) for Hancock County, MS is: $825 (Studio), $923 (1BR), $1151 (2BR), $1525 (3BR), $1626 (4BR). Actual rent at subsidized properties like Gates At Coralbay is typically 30% of household income or less.
What size apartments are available at Gates At Coralbay?+
Gates At Coralbay offers the following unit types: 24 One-Bedroom, 80 Two-Bedroom, 56 Three-Bedroom units, for a total of 160 units.
How do I apply for housing at Gates At Coralbay?+
Gates At Coralbay 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 Gates At Coralbay?+
Gates At Coralbay is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Hancock County, MS?+
For a 4-person household in Hancock County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,300, Low Income (80% AMI): $48,500. These limits are set by HUD and updated annually.
Who is eligible to live at Gates At Coralbay?+
Gates At Coralbay primarily serves SINGLE-PARENT 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 Waveland, MS?+
Based on Fair Market Rent for Hancock County, the estimated price range is: 1-bedroom: $923, 2-bedroom: $1151, 3-bedroom: $1525. Actual rent at Gates At Coralbay may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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