About This Property
Olivewood Apts consists of 24 low-income rental units in Mt. Olive, MS, placed in service in 2013. The property includes four one-bedroom units and twenty two-bedroom units designed to serve families and individuals with disabilities. Property management contact information is available upon request.
Property Details
Fair Market Rent - Covington 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 | $614 |
| 1 Bedroom | $749 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,210 |
| 4 Bedroom | $1,215 |
Income Limits - Covington 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mount Olive, MS?+
The Fair Market Rent (FMR) for Covington County, MS is: $614 (Studio), $749 (1BR), $903 (2BR), $1210 (3BR), $1215 (4BR). Actual rent at subsidized properties like Olivewood Apts is typically 30% of household income or less.
What size apartments are available at Olivewood Apts?+
Olivewood Apts offers the following unit types: 4 One-Bedroom, 20 Two-Bedroom units, for a total of 24 units.
Who manages Olivewood Apts?+
Olivewood Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Mount Olive, MS?+
Based on Fair Market Rent for Covington County, the estimated price range is: 1-bedroom: $749, 2-bedroom: $903. Actual rent at Olivewood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Covington County, MS?+
For a 4-person household in Covington 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.
Who is eligible to live at Olivewood Apts?+
Olivewood Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Olivewood Apts?+
Olivewood 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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