About This Property
Martin Luther King Apartments comprises 80 low-income units in Fayette, Mississippi, serving families with a mix of one-, two-, three-, and four-bedroom floor plans. The property placed in service in 2015 and utilizes 4% Low-Income Housing Tax Credits to support affordability. Unit distribution includes twelve 1-bedroom, twelve 2-bedroom, forty-eight 3-bedroom, and eight 4-bedroom apartments.
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 Martin Luther King Apartments is typically 30% of household income or less.
What size apartments are available at Martin Luther King Apartments?+
Martin Luther King Apartments offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom, 48 Three-Bedroom, 8 Four-Bedroom units, for a total of 80 units.
Who is eligible to live at Martin Luther King Apartments?+
Martin Luther King Apartments 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 Fayette, MS?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903, 3-bedroom: $1184. Actual rent at Martin Luther King Apartments may be lower for income-eligible households.
How do I apply for housing at Martin Luther King Apartments?+
Martin Luther King Apartments 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 Martin Luther King Apartments?+
Martin Luther King Apartments is managed by . You can reach them at . Visit their website for more information.
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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
