About This Property
Broadway Terrace Apts is a 48-unit affordable housing community in Drew, MS that has served families since 1989. The property includes 46 low-income units with a mix of 16 one-bedroom and 32 two-bedroom apartments. The community is financed through 4% Low-Income Housing Tax Credits.
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 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 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 .
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.
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.
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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