About This Property
Bude Manor Apts comprises 34 low-income units serving elderly residents in Bude, MS. The property includes 30 one-bedroom and 4 two-bedroom units and has been in service since 1998. The development utilizes 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 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.
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.
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.
Who manages Bude Manor Apts?+
Bude Manor Apts is managed by . You can reach them at . Visit their website for more information.
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.