About This Property
The Drake Apts provides 26 low-income units in Carthage, Missouri, serving elderly residents. The property features 23 one-bedroom and 3 two-bedroom units and has been in service since 2006. Funding for this non-profit owned development includes HOME and CDBG programs, with 9% LIHTC credits.
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 The Drake Apts is typically 30% of household income or less.
What size apartments are available at The Drake Apts?+
The Drake Apts offers the following unit types: 23 One-Bedroom, 3 Two-Bedroom units, for a total of 26 units.
Who manages The Drake Apts?+
The Drake Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at The Drake Apts?+
The Drake 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 is eligible to live at The Drake Apts?+
The Drake Apts 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 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.
What is the price range for apartments in Carthage, MO?+
Based on Fair Market Rent for Jasper County, the estimated price range is: 1-bedroom: $741, 2-bedroom: $923. Actual rent at The Drake Apts may be lower for income-eligible households.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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