About This Property
Shannon Rental Apts offers 48 low-income units across one-, two-, and three-bedroom floor plans in Shannon, MS. The property, which entered service in 1997, includes 16 one-bedroom, 24 two-bedroom, and 8 three-bedroom apartments and is financed through 4% LIHTC credits. The community is managed and available for further inquiry through the contact information provided.
Property Details
Fair Market Rent - Lee 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 | $853 |
| 1 Bedroom | $859 |
| 2 Bedroom | $1,045 |
| 3 Bedroom | $1,319 |
| 4 Bedroom | $1,486 |
Income Limits - Lee County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,750
- Low (80%)
- $38,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,150
- Low (80%)
- $43,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,900
- Low (80%)
- $54,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,650
- Low (80%)
- $58,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,750
- Low (80%)
- $71,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,750 | $38,000 |
| 2 Persons | $17,420 | $27,150 | $43,400 |
| 3 Persons | $21,960 | $30,550 | $48,850 |
| 4 Persons | $26,500 | $33,900 | $54,250 |
| 5 Persons | $31,040 | $36,650 | $58,600 |
| 6 Persons | $35,580 | $39,350 | $62,950 |
| 7 Persons | $40,120 | $42,050 | $67,300 |
| 8 Persons | $44,660 | $44,750 | $71,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shannon, MS?+
The Fair Market Rent (FMR) for Lee County, MS is: $853 (Studio), $859 (1BR), $1045 (2BR), $1319 (3BR), $1486 (4BR). Actual rent at subsidized properties like Shannon Rental Apts is typically 30% of household income or less.
What size apartments are available at Shannon Rental Apts?+
Shannon Rental Apts offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Lee County, MS?+
For a 4-person household in Lee County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,900, Low Income (80% AMI): $54,250. These limits are set by HUD and updated annually.
How do I apply for housing at Shannon Rental Apts?+
Shannon Rental 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 is the price range for apartments in Shannon, MS?+
Based on Fair Market Rent for Lee County, the estimated price range is: 1-bedroom: $859, 2-bedroom: $1045, 3-bedroom: $1319. Actual rent at Shannon Rental Apts may be lower for income-eligible households.
Who manages Shannon Rental Apts?+
Shannon Rental Apts is managed by . You can reach them at . Visit their website for more information.