About This Property
Lake Hickory Apts contains 24 two-bedroom units designated for low-income households in Hickory, Mississippi. The property has been in service since 1998 and serves families and disabled residents. These units are financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Newton 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 | $699 |
| 1 Bedroom | $704 |
| 2 Bedroom | $925 |
| 3 Bedroom | $1,118 |
| 4 Bedroom | $1,232 |
Income Limits - Newton 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 Hickory, MS?+
The Fair Market Rent (FMR) for Newton County, MS is: $699 (Studio), $704 (1BR), $925 (2BR), $1118 (3BR), $1232 (4BR). Actual rent at subsidized properties like Lake Hickory Apts is typically 30% of household income or less.
What size apartments are available at Lake Hickory Apts?+
Lake Hickory Apts offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Hickory, MS?+
Based on Fair Market Rent for Newton County, the estimated price range is: 2-bedroom: $925. Actual rent at Lake Hickory Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Newton County, MS?+
For a 4-person household in Newton 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 Lake Hickory Apts?+
Lake Hickory Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lake Hickory Apts?+
Lake Hickory 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.
How do I apply for housing at Lake Hickory Apts?+
Lake Hickory 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.
Contact Information
Location
Newton County, MS
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