About This Property
Phelps is a 14-unit affordable housing property in Carthage, Missouri offering three-bedroom units for low-income households. The property was placed in service in 2001 and receives 9% Low-Income Housing Tax Credit funding. All 14 units feature the same three-bedroom floor plan.
Property Details
Fair Market Rent - Jasper County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $722 |
| 1 Bedroom | $741 |
| 2 Bedroom | $923 |
| 3 Bedroom | $1,177 |
| 4 Bedroom | $1,268 |
Income Limits - Jasper County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,100
- Low (80%)
- $33,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,100
- Low (80%)
- $38,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,100
- Low (80%)
- $43,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,550
- Low (80%)
- $52,050
- Extremely Low (30%)
- $34,950
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $37,350
- Very Low (50%)
- $37,350
- Low (80%)
- $59,750
- Extremely Low (30%)
- $39,750
- Very Low (50%)
- $39,750
- Low (80%)
- $63,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,100 | $33,750 |
| 2 Persons | $17,420 | $24,100 | $38,550 |
| 3 Persons | $21,960 | $27,100 | $43,350 |
| 4 Persons | $26,500 | $30,100 | $48,150 |
| 5 Persons | $31,040 | $32,550 | $52,050 |
| 6 Persons | $34,950 | $34,950 | $55,900 |
| 7 Persons | $37,350 | $37,350 | $59,750 |
| 8 Persons | $39,750 | $39,750 | $63,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carthage, MO?+
The Fair Market Rent (FMR) for Jasper County, MO is: $722 (Studio), $741 (1BR), $923 (2BR), $1177 (3BR), $1268 (4BR). Actual rent at subsidized properties like Phelps is typically 30% of household income or less.
What size apartments are available at Phelps?+
Phelps offers the following unit types: 14 Three-Bedroom units, for a total of 14 units.
What are the income limits for affordable housing in Jasper County, MO?+
For a 4-person household in Jasper County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,100, Low Income (80% AMI): $48,150. These limits are set by HUD and updated annually.
How do I apply for housing at Phelps?+
Phelps 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 Phelps?+
Phelps is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Carthage, MO?+
Based on Fair Market Rent for Jasper County, the estimated price range is: 3-bedroom: $1177. Actual rent at Phelps may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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