About This Property
Broadway Terrace Apts offers 48 units of affordable housing in Drew, MS, comprising 46 low-income units designed to serve families. The property includes 16 one-bedroom and 32 two-bedroom units and has been in service since 1989. Financed through 4% Low-Income Housing Tax Credits, the community provides rental housing options for households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Sunflower 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 | $612 |
| 1 Bedroom | $687 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,160 |
| 4 Bedroom | $1,354 |
Income Limits - Sunflower 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 Drew, MS?+
The Fair Market Rent (FMR) for Sunflower County, MS is: $612 (Studio), $687 (1BR), $903 (2BR), $1160 (3BR), $1354 (4BR). Actual rent at subsidized properties like Broadway Terrace Apts 89-070 is typically 30% of household income or less.
What size apartments are available at Broadway Terrace Apts 89-070?+
Broadway Terrace Apts 89-070 offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Broadway Terrace Apts 89-070?+
Broadway Terrace Apts 89-070 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 is eligible to live at Broadway Terrace Apts 89-070?+
Broadway Terrace Apts 89-070 primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Drew, MS?+
Based on Fair Market Rent for Sunflower County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903. Actual rent at Broadway Terrace Apts 89-070 may be lower for income-eligible households.
What are the income limits for affordable housing in Sunflower County, MS?+
For a 4-person household in Sunflower 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 Broadway Terrace Apts 89-070?+
Broadway Terrace Apts 89-070 is managed by . You can reach them at . Visit their website for more 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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