About This Property
Summit Asso II comprises 24 two-bedroom units designated for low-income households in Summit, Mississippi. The property, which has been in service since 1997, is financed through 4% Low-Income Housing Tax Credits. Pike County residents can contact the property management office for occupancy information and lease inquiries.
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.
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.
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.
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.
Who manages Summit Asso Ii?+
Summit Asso Ii is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Pike County, MS
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