About This Property
Cotton Gin Park contains 11 low-income residential units in Burnsville, Mississippi, serving families with a mix of two-, three-, and four-bedroom homes. The property has been in service since 1993 and receives 9% Low-Income Housing Tax Credit financing. This Tishomingo County community offers 3 two-bedroom, 6 three-bedroom, and 2 four-bedroom units.
Property Details
Fair Market Rent - Tishomingo 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 | $775 |
| 1 Bedroom | $804 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,214 |
| 4 Bedroom | $1,219 |
Income Limits - Tishomingo 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 Burnsville, MS?+
The Fair Market Rent (FMR) for Tishomingo County, MS is: $775 (Studio), $804 (1BR), $903 (2BR), $1214 (3BR), $1219 (4BR). Actual rent at subsidized properties like Cotton Gin Park is typically 30% of household income or less.
What size apartments are available at Cotton Gin Park?+
Cotton Gin Park offers the following unit types: 3 Two-Bedroom, 6 Three-Bedroom, 2 Four-Bedroom units, for a total of 11 units.
Who manages Cotton Gin Park?+
Cotton Gin Park is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cotton Gin Park?+
Cotton Gin Park 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 Cotton Gin Park?+
Cotton Gin Park 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 Burnsville, MS?+
Based on Fair Market Rent for Tishomingo County, the estimated price range is: 2-bedroom: $903, 3-bedroom: $1214. Actual rent at Cotton Gin Park may be lower for income-eligible households.
What are the income limits for affordable housing in Tishomingo County, MS?+
For a 4-person household in Tishomingo 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
