About This Property
Regency Place Apts offers 24 units in Sumrall, Mississippi, with 22 designated as low-income housing. The property features a mix of 4 one-bedroom and 20 two-bedroom units and has been in service since 1988. This property is funded through 9% Low-Income Housing Tax Credits and serves families in Lamar County.
Property Details
Fair Market Rent - Lamar 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 | $766 |
| 1 Bedroom | $906 |
| 2 Bedroom | $1,101 |
| 3 Bedroom | $1,403 |
| 4 Bedroom | $1,466 |
Income Limits - Lamar County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sumrall, MS?+
The Fair Market Rent (FMR) for Lamar County, MS is: $766 (Studio), $906 (1BR), $1101 (2BR), $1403 (3BR), $1466 (4BR). Actual rent at subsidized properties like Regency Place Apts is typically 30% of household income or less.
What size apartments are available at Regency Place Apts?+
Regency Place Apts offers the following unit types: 4 One-Bedroom, 20 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Regency Place Apts?+
Regency Place Apts primarily serves families. 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 Regency Place Apts?+
Regency Place 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.
What is the price range for apartments in Sumrall, MS?+
Based on Fair Market Rent for Lamar County, the estimated price range is: 1-bedroom: $906, 2-bedroom: $1101. Actual rent at Regency Place Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Lamar County, MS?+
For a 4-person household in Lamar County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
Who manages Regency Place Apts?+
Regency Place Apts is managed by . You can reach them at . Visit their website for more information.