About This Property
Indian Creek Phase II contains 32 units in Florence, Mississippi, including 31 low-income units designated for families. The property offers a mix of one, two, and three-bedroom units, with 23 two-bedroom apartments comprising the majority of the available floor plans. The community has been in service since 1987 and utilizes 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Rankin 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 | $996 |
| 1 Bedroom | $997 |
| 2 Bedroom | $1,159 |
| 3 Bedroom | $1,401 |
| 4 Bedroom | $1,564 |
Income Limits - Rankin County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,900
- Low (80%)
- $41,400
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,600
- Low (80%)
- $47,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,300
- Low (80%)
- $53,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,950
- Low (80%)
- $59,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,950
- Low (80%)
- $63,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,900
- Low (80%)
- $68,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,800
- Low (80%)
- $78,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,900 | $41,400 |
| 2 Persons | $17,750 | $29,600 | $47,300 |
| 3 Persons | $21,960 | $33,300 | $53,200 |
| 4 Persons | $26,500 | $36,950 | $59,100 |
| 5 Persons | $31,040 | $39,950 | $63,850 |
| 6 Persons | $35,580 | $42,900 | $68,600 |
| 7 Persons | $40,120 | $45,850 | $73,300 |
| 8 Persons | $44,660 | $48,800 | $78,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Florence, MS?+
The Fair Market Rent (FMR) for Rankin County, MS is: $996 (Studio), $997 (1BR), $1159 (2BR), $1401 (3BR), $1564 (4BR). Actual rent at subsidized properties like Indian Creek Phase Ii is typically 30% of household income or less.
What size apartments are available at Indian Creek Phase Ii?+
Indian Creek Phase Ii offers the following unit types: 8 One-Bedroom, 23 Two-Bedroom, 1 Three-Bedroom units, for a total of 32 units.
Who is eligible to live at Indian Creek Phase Ii?+
Indian Creek Phase Ii primarily serves families. 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 Indian Creek Phase Ii?+
Indian Creek Phase 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 are the income limits for affordable housing in Rankin County, MS?+
For a 4-person household in Rankin County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,950, Low Income (80% AMI): $59,100. These limits are set by HUD and updated annually.
Who manages Indian Creek Phase Ii?+
Indian Creek Phase Ii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Florence, MS?+
Based on Fair Market Rent for Rankin County, the estimated price range is: 1-bedroom: $997, 2-bedroom: $1159, 3-bedroom: $1401. Actual rent at Indian Creek Phase Ii may be lower for income-eligible households.
Walk Score
Car-Dependent
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