About This Property
Parma Apts is a 30-unit affordable housing community in Parma, Missouri that has been in service since 2004. The property contains 12 one-bedroom units, 12 two-bedroom units, and 6 three-bedroom units designated for low-income residents. Parma Apts is financed through tax-exempt bonds and receives 4% Low-Income Housing Tax Credit funding.
Property Details
Fair Market Rent - New Madrid 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 | $629 |
| 1 Bedroom | $635 |
| 2 Bedroom | $834 |
| 3 Bedroom | $1,008 |
| 4 Bedroom | $1,111 |
Income Limits - New Madrid County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,550
- Low (80%)
- $36,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,350
- Low (80%)
- $40,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,150
- Low (80%)
- $45,050
- Extremely Low (30%)
- $30,450
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $32,700
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $34,950
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $37,200
- Low (80%)
- $59,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,550 |
| 2 Persons | $17,420 | $22,550 | $36,050 |
| 3 Persons | $21,960 | $25,350 | $40,550 |
| 4 Persons | $26,500 | $28,150 | $45,050 |
| 5 Persons | $30,450 | $30,450 | $48,700 |
| 6 Persons | $32,700 | $32,700 | $52,300 |
| 7 Persons | $34,950 | $34,950 | $55,900 |
| 8 Persons | $37,200 | $37,200 | $59,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Parma, MO?+
The Fair Market Rent (FMR) for New Madrid County, MO is: $629 (Studio), $635 (1BR), $834 (2BR), $1008 (3BR), $1111 (4BR). Actual rent at subsidized properties like Parma Apts is typically 30% of household income or less.
What size apartments are available at Parma Apts?+
Parma Apts offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom, 6 Three-Bedroom units, for a total of 30 units.
How do I apply for housing at Parma Apts?+
Parma 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 manages Parma Apts?+
Parma Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in New Madrid County, MO?+
For a 4-person household in New Madrid County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,150, Low Income (80% AMI): $45,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Parma, MO?+
Based on Fair Market Rent for New Madrid County, the estimated price range is: 1-bedroom: $635, 2-bedroom: $834, 3-bedroom: $1008. Actual rent at Parma Apts may be lower for income-eligible households.