About This Property
Twin Oaks Elderly Handicap offers 20 low-income units in New Albany, Mississippi, serving elderly residents. The property contains 12 one-bedroom, 4 two-bedroom, and 4 three-bedroom units and has been in service since 1998. This property participates in the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Union 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 | $783 |
| 1 Bedroom | $804 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,153 |
| 4 Bedroom | $1,203 |
Income Limits - Union County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,850
- Low (80%)
- $30,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,550
- Low (80%)
- $34,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,250
- Low (80%)
- $38,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $26,900
- Low (80%)
- $43,050
- Extremely Low (30%)
- $29,100
- Very Low (50%)
- $29,100
- Low (80%)
- $46,500
- Extremely Low (30%)
- $31,250
- Very Low (50%)
- $31,250
- Low (80%)
- $49,950
- Extremely Low (30%)
- $33,400
- Very Low (50%)
- $33,400
- Low (80%)
- $53,400
- Extremely Low (30%)
- $35,550
- Very Low (50%)
- $35,550
- Low (80%)
- $56,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,850 | $30,150 |
| 2 Persons | $17,420 | $21,550 | $34,450 |
| 3 Persons | $21,960 | $24,250 | $38,750 |
| 4 Persons | $26,500 | $26,900 | $43,050 |
| 5 Persons | $29,100 | $29,100 | $46,500 |
| 6 Persons | $31,250 | $31,250 | $49,950 |
| 7 Persons | $33,400 | $33,400 | $53,400 |
| 8 Persons | $35,550 | $35,550 | $56,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Albany, MS?+
The Fair Market Rent (FMR) for Union County, MS is: $783 (Studio), $804 (1BR), $903 (2BR), $1153 (3BR), $1203 (4BR). Actual rent at subsidized properties like Twin Oaks Elderly Handicap is typically 30% of household income or less.
What size apartments are available at Twin Oaks Elderly Handicap?+
Twin Oaks Elderly Handicap offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom, 4 Three-Bedroom units, for a total of 20 units.
Who is eligible to live at Twin Oaks Elderly Handicap?+
Twin Oaks Elderly Handicap primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Union County, MS?+
For a 4-person household in Union County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $26,900, Low Income (80% AMI): $43,050. These limits are set by HUD and updated annually.
How do I apply for housing at Twin Oaks Elderly Handicap?+
Twin Oaks Elderly Handicap 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 Twin Oaks Elderly Handicap?+
Twin Oaks Elderly Handicap is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in New Albany, MS?+
Based on Fair Market Rent for Union County, the estimated price range is: 1-bedroom: $804, 2-bedroom: $903, 3-bedroom: $1153. Actual rent at Twin Oaks Elderly Handicap may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.