About This Property
Towncreek Apts is a 52-unit low-income housing community in Carthage, Mississippi that has served families since 1988. The property contains 12 one-bedroom and 40 two-bedroom units and is financed through 4% Low-Income Housing Tax Credits. The community is managed and available for families seeking affordable rental housing in Leake County.
Property Details
Fair Market Rent - Leake 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 | $713 |
| 1 Bedroom | $718 |
| 2 Bedroom | $935 |
| 3 Bedroom | $1,131 |
| 4 Bedroom | $1,284 |
Income Limits - Leake 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carthage, MS?+
The Fair Market Rent (FMR) for Leake County, MS is: $713 (Studio), $718 (1BR), $935 (2BR), $1131 (3BR), $1284 (4BR). Actual rent at subsidized properties like Towncreek Apts is typically 30% of household income or less.
What size apartments are available at Towncreek Apts?+
Towncreek Apts offers the following unit types: 12 One-Bedroom, 40 Two-Bedroom units, for a total of 52 units.
How do I apply for housing at Towncreek Apts?+
Towncreek Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Towncreek Apts?+
Towncreek Apts is managed by . You can reach them at .
What are the income limits for affordable housing in Leake County, MS?+
For a 4-person household in Leake 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.
What is the price range for apartments in Carthage, MS?+
Based on Fair Market Rent for Leake County, the estimated price range is: 1-bedroom: $718, 2-bedroom: $935. Actual rent at Towncreek Apts may be lower for income-eligible households.
Who is eligible to live at Towncreek Apts?+
Towncreek Apts primarily serves families. 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.
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