About This Property
Lockwood Apts offers 24 low-income units in Walnut Grove, serving families and disabled residents. The property includes 16 two-bedroom and 8 three-bedroom units and has been in service since 1991. Financing through 4% LIHTC credits supports affordable housing at this location.
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 Walnut Grove, 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 Lockwood Apts is typically 30% of household income or less.
What size apartments are available at Lockwood Apts?+
Lockwood Apts offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Lockwood Apts?+
Lockwood 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.
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.
Who manages Lockwood Apts?+
Lockwood Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lockwood Apts?+
Lockwood Apts primarily serves families, persons with disabilities. 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 Walnut Grove, MS?+
Based on Fair Market Rent for Leake County, the estimated price range is: 2-bedroom: $935, 3-bedroom: $1131. Actual rent at Lockwood Apts may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
