About This Property
Timber Ridge Apts comprises 32 low-income units in Batesville, MS, with a mix of 24 two-bedroom and 8 three-bedroom apartments. The property has been in service since 1991 and serves families and disabled residents. The community receives 4% LIHTC credit funding.
Property Details
Fair Market Rent - Panola 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 | $620 |
| 1 Bedroom | $752 |
| 2 Bedroom | $915 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,553 |
Income Limits - Panola 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 Batesville, MS?+
The Fair Market Rent (FMR) for Panola County, MS is: $620 (Studio), $752 (1BR), $915 (2BR), $1198 (3BR), $1553 (4BR). Actual rent at subsidized properties like Timber Ridge Apts is typically 30% of household income or less.
What size apartments are available at Timber Ridge Apts?+
Timber Ridge Apts offers the following unit types: 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 32 units.
What is the price range for apartments in Batesville, MS?+
Based on Fair Market Rent for Panola County, the estimated price range is: 2-bedroom: $915, 3-bedroom: $1198. Actual rent at Timber Ridge Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Panola County, MS?+
For a 4-person household in Panola 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 is eligible to live at Timber Ridge Apts?+
Timber Ridge 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.
Who manages Timber Ridge Apts?+
Timber Ridge Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Timber Ridge Apts?+
Timber Ridge 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
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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