About This Property
Isola Square offers 32 units of affordable housing in Isola, Mississippi, serving elderly residents since 1994. The property contains 24 one-bedroom and 8 two-bedroom units, with 31 designated as low-income housing. The development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Humphreys 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 | $1,198 |
| 4 Bedroom | $1,203 |
Income Limits - Humphreys 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 Isola, MS?+
The Fair Market Rent (FMR) for Humphreys County, MS is: $775 (Studio), $804 (1BR), $903 (2BR), $1198 (3BR), $1203 (4BR). Actual rent at subsidized properties like Isola Square is typically 30% of household income or less.
What size apartments are available at Isola Square?+
Isola Square offers the following unit types: 24 One-Bedroom, 8 Two-Bedroom units, for a total of 32 units.
Who is eligible to live at Isola Square?+
Isola Square 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 Isola, MS?+
Based on Fair Market Rent for Humphreys County, the estimated price range is: 1-bedroom: $804, 2-bedroom: $903. Actual rent at Isola Square may be lower for income-eligible households.
What are the income limits for affordable housing in Humphreys County, MS?+
For a 4-person household in Humphreys 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 manages Isola Square?+
Isola Square is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Isola Square?+
Isola Square 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.
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