About This Property
Fayette Elderly Apts comprises 36 low-income units serving elderly and disabled residents in Fayette, MS. The property includes 28 one-bedroom and 8 two-bedroom units and has been in service since 1991. The development receives 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Jefferson 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 | $683 |
| 1 Bedroom | $687 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,184 |
| 4 Bedroom | $1,219 |
Income Limits - Jefferson 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 Fayette, MS?+
The Fair Market Rent (FMR) for Jefferson County, MS is: $683 (Studio), $687 (1BR), $903 (2BR), $1184 (3BR), $1219 (4BR). Actual rent at subsidized properties like Fayette Elderly Apts is typically 30% of household income or less.
What size apartments are available at Fayette Elderly Apts?+
Fayette Elderly Apts offers the following unit types: 28 One-Bedroom, 8 Two-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Jefferson County, MS?+
For a 4-person household in Jefferson 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 Fayette Elderly Apts?+
Fayette Elderly 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 Fayette Elderly Apts?+
Fayette Elderly Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Fayette, MS?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903. Actual rent at Fayette Elderly Apts may be lower for income-eligible households.
Who is eligible to live at Fayette Elderly Apts?+
Fayette Elderly 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
