About This Property
Wells Place I offers 31 units in Philadelphia, Mississippi, with 30 designated as low-income housing. The property includes 16 three-bedroom and 14 four-bedroom units and has been in service since 2007. Financing through 9% Low-Income Housing Tax Credits supports the affordable housing at this community.
Property Details
Fair Market Rent - Neshoba 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 | $775 |
| 1 Bedroom | $804 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,108 |
| 4 Bedroom | $1,406 |
Income Limits - Neshoba 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 Philadelphia, MS?+
The Fair Market Rent (FMR) for Neshoba County, MS is: $775 (Studio), $804 (1BR), $903 (2BR), $1108 (3BR), $1406 (4BR). Actual rent at subsidized properties like Wells Place I is typically 30% of household income or less.
What size apartments are available at Wells Place I?+
Wells Place I offers the following unit types: 16 Three-Bedroom, 14 Four-Bedroom units, for a total of 31 units.
What is the price range for apartments in Philadelphia, MS?+
Based on Fair Market Rent for Neshoba County, the estimated price range is: 3-bedroom: $1108. Actual rent at Wells Place I may be lower for income-eligible households.
What are the income limits for affordable housing in Neshoba County, MS?+
For a 4-person household in Neshoba 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 Wells Place I?+
Wells Place I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Wells Place I?+
Wells Place I 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
