About This Property
Oakhaven Apts offers 24 low-income units in Ripley, Mississippi, serving elderly residents. The property includes 16 one-bedroom and 8 two-bedroom apartments and has been in service since 1994. The development utilizes 4% Low-Income Housing Tax Credits to provide affordable housing options.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Tippah 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 | $738 |
| 1 Bedroom | $742 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,202 |
| 4 Bedroom | $1,203 |
Income Limits - Tippah 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 Ripley, MS?+
The Fair Market Rent (FMR) for Tippah County, MS is: $738 (Studio), $742 (1BR), $903 (2BR), $1202 (3BR), $1203 (4BR). Actual rent at subsidized properties like Oakhaven Apts is typically 30% of household income or less.
What size apartments are available at Oakhaven Apts?+
Oakhaven Apts offers the following unit types: 16 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Tippah County, MS?+
For a 4-person household in Tippah 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.
What is the price range for apartments in Ripley, MS?+
Based on Fair Market Rent for Tippah County, the estimated price range is: 1-bedroom: $742, 2-bedroom: $903. Actual rent at Oakhaven Apts may be lower for income-eligible households.
Who manages Oakhaven Apts?+
Oakhaven Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Oakhaven Apts?+
Oakhaven Apts 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 Oakhaven Apts?+
Oakhaven Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the HUD inspection score for Oakhaven Apts?+
Oakhaven Apts has a HUD inspection score of 55 out of 100, which is considered below average. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.