About This Property
Summit Asso II comprises 24 two-bedroom units designated as low-income housing in Summit, Mississippi. The property was placed in service in 1997 and utilizes 4% Low-Income Housing Tax Credit financing. The community is managed by a professional property management team.
Property Details
Fair Market Rent - Pike 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 | $873 |
| 1 Bedroom | $896 |
| 2 Bedroom | $1,017 |
| 3 Bedroom | $1,230 |
| 4 Bedroom | $1,354 |
Income Limits - Pike 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 Summit, MS?+
The Fair Market Rent (FMR) for Pike County, MS is: $873 (Studio), $896 (1BR), $1017 (2BR), $1230 (3BR), $1354 (4BR). Actual rent at subsidized properties like Summit Asso Ii is typically 30% of household income or less.
What size apartments are available at Summit Asso Ii?+
Summit Asso Ii offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Summit Asso Ii?+
Summit Asso 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.
Who manages Summit Asso Ii?+
Summit Asso Ii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Summit, MS?+
Based on Fair Market Rent for Pike County, the estimated price range is: 2-bedroom: $1017. Actual rent at Summit Asso Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Pike County, MS?+
For a 4-person household in Pike 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.
Contact Information
Location
Pike County, MS
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