About This Property
Ripley Townhouses offers 24 low-income rental units in Ripley, Mississippi, consisting of four 1-bedroom and twenty 2-bedroom townhomes. The property has been in service since 1992 and is funded through 4% Low-Income Housing Tax Credits. This development serves families and individuals with disabilities.
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 Ripley Townhouses is typically 30% of household income or less.
What size apartments are available at Ripley Townhouses?+
Ripley Townhouses offers the following unit types: 4 One-Bedroom, 20 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Ripley Townhouses?+
Ripley Townhouses primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ripley Townhouses?+
Ripley Townhouses is managed by . You can reach them at . Visit their website for more information.
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 Ripley Townhouses may be lower for income-eligible households.
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.
How do I apply for housing at Ripley Townhouses?+
Ripley Townhouses 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.
Walk Score
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Nearby Schools
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