About This Property
Bude Manor Apts comprises 34 low-income units serving elderly residents in Bude, MS. The property includes 30 one-bedroom and four two-bedroom units and has been in service since 1998. The development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Franklin 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 | $775 |
| 1 Bedroom | $804 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,214 |
| 4 Bedroom | $1,219 |
Income Limits - Franklin County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,000
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,700
- Low (80%)
- $34,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,400
- Low (80%)
- $39,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,100
- Low (80%)
- $43,350
- Extremely Low (30%)
- $29,300
- Very Low (50%)
- $29,300
- Low (80%)
- $46,850
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $33,650
- Very Low (50%)
- $33,650
- Low (80%)
- $53,800
- Extremely Low (30%)
- $35,800
- Very Low (50%)
- $35,800
- Low (80%)
- $57,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,000 | $30,350 |
| 2 Persons | $17,420 | $21,700 | $34,700 |
| 3 Persons | $21,960 | $24,400 | $39,050 |
| 4 Persons | $26,500 | $27,100 | $43,350 |
| 5 Persons | $29,300 | $29,300 | $46,850 |
| 6 Persons | $31,450 | $31,450 | $50,300 |
| 7 Persons | $33,650 | $33,650 | $53,800 |
| 8 Persons | $35,800 | $35,800 | $57,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bude, MS?+
The Fair Market Rent (FMR) for Franklin County, MS is: $775 (Studio), $804 (1BR), $903 (2BR), $1214 (3BR), $1219 (4BR). Actual rent at subsidized properties like Bude Manor Apts is typically 30% of household income or less.
What size apartments are available at Bude Manor Apts?+
Bude Manor Apts offers the following unit types: 30 One-Bedroom, 4 Two-Bedroom units, for a total of 34 units.
Who manages Bude Manor Apts?+
Bude Manor Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Franklin County, MS?+
For a 4-person household in Franklin County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,100, Low Income (80% AMI): $43,350. These limits are set by HUD and updated annually.
What is the price range for apartments in Bude, MS?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $804, 2-bedroom: $903. Actual rent at Bude Manor Apts may be lower for income-eligible households.
Who is eligible to live at Bude Manor Apts?+
Bude Manor Apts primarily serves elderly residents. 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 Bude Manor Apts?+
Bude Manor 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.