About This Property
Pine Valley Apts comprises 20 one-bedroom units designated for low-income elderly residents in Ripley, Mississippi. The property has been in service since 1992 and is funded through 4% Low-Income Housing Tax Credits. All 20 units serve the elderly population in Tippah County.
Property Details
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 Pine Valley Apts is typically 30% of household income or less.
What size apartments are available at Pine Valley Apts?+
Pine Valley Apts offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
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. Actual rent at Pine Valley Apts may be lower for income-eligible households.
How do I apply for housing at Pine Valley Apts?+
Pine Valley 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 manages Pine Valley Apts?+
Pine Valley Apts is managed by . You can reach them at . Visit their website for more information.
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.
Who is eligible to live at Pine Valley Apts?+
Pine Valley Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
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Nearby Schools
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