About This Property
Wells Place II offers 32 low-income rental units in Philadelphia, Mississippi, with a mix of sixteen 3-bedroom and sixteen 4-bedroom apartments. The property has been in service since 2007 and is financed through 9% Low-Income Housing Tax Credits. Management services are available through the property contact information.
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 Ii is typically 30% of household income or less.
What size apartments are available at Wells Place Ii?+
Wells Place Ii offers the following unit types: 16 Three-Bedroom, 16 Four-Bedroom units, for a total of 32 units.
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 Ii?+
Wells Place Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Wells Place Ii?+
Wells Place Ii 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 Philadelphia, MS?+
Based on Fair Market Rent for Neshoba County, the estimated price range is: 3-bedroom: $1108. Actual rent at Wells Place Ii may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
