About This Property
Colonnades comprises 56 two-bedroom units in Ocean Springs serving elderly residents. The property contains 55 low-income units and was placed in service in 2009 using 9% Low-Income Housing Tax Credits. It is managed to provide affordable housing options for qualifying households.
Property Details
Fair Market Rent - Jackson 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 | $835 |
| 1 Bedroom | $957 |
| 2 Bedroom | $1,077 |
| 3 Bedroom | $1,438 |
| 4 Bedroom | $1,828 |
Income Limits - Jackson County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,800
- Very Low (50%)
- $23,000
- Low (80%)
- $36,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,300
- Low (80%)
- $42,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,600
- Low (80%)
- $47,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,850
- Low (80%)
- $52,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,150
- Low (80%)
- $61,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,750
- Low (80%)
- $65,200
- Extremely Low (30%)
- $43,400
- Very Low (50%)
- $43,400
- Low (80%)
- $69,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,800 | $23,000 | $36,800 |
| 2 Persons | $17,420 | $26,300 | $42,050 |
| 3 Persons | $21,960 | $29,600 | $47,300 |
| 4 Persons | $26,500 | $32,850 | $52,550 |
| 5 Persons | $31,040 | $35,500 | $56,800 |
| 6 Persons | $35,580 | $38,150 | $61,000 |
| 7 Persons | $40,120 | $40,750 | $65,200 |
| 8 Persons | $43,400 | $43,400 | $69,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ocean Springs, MS?+
The Fair Market Rent (FMR) for Jackson County, MS is: $835 (Studio), $957 (1BR), $1077 (2BR), $1438 (3BR), $1828 (4BR). Actual rent at subsidized properties like Colonnades is typically 30% of household income or less.
What size apartments are available at Colonnades?+
Colonnades offers the following unit types: 56 Two-Bedroom units, for a total of 56 units.
How do I apply for housing at Colonnades?+
Colonnades 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 are the income limits for affordable housing in Jackson County, MS?+
For a 4-person household in Jackson County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,850, Low Income (80% AMI): $52,550. These limits are set by HUD and updated annually.
What is the price range for apartments in Ocean Springs, MS?+
Based on Fair Market Rent for Jackson County, the estimated price range is: 2-bedroom: $1077. Actual rent at Colonnades may be lower for income-eligible households.
Who is eligible to live at Colonnades?+
Colonnades primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Colonnades?+
Colonnades is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Colonnades
Highland Springs Apts
Ocean Springs, MS
96 UnitsBayou Village Apts
Gautier, MS
128 UnitsOcean Estates Ii
Ocean Springs, MS
120 UnitsWater Street
Biloxi, MS
12 Units
Bayview Place
Biloxi, MS
1 UnitsBayview Place
Biloxi, MS
196 Units