About This Property
Cedar Ridge Apts comprises 48 low-income units in Shannon, MS, with a mix of 16 one-bedroom, 24 two-bedroom, and 8 three-bedroom apartments. The property, placed in service in 1997, serves families and disabled residents through 4% LIHTC financing. Management contact information is available upon request.
Property Details
Fair Market Rent - Lee 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 | $853 |
| 1 Bedroom | $859 |
| 2 Bedroom | $1,045 |
| 3 Bedroom | $1,319 |
| 4 Bedroom | $1,486 |
Income Limits - Lee County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,750
- Low (80%)
- $38,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,150
- Low (80%)
- $43,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,900
- Low (80%)
- $54,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,650
- Low (80%)
- $58,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,750
- Low (80%)
- $71,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,750 | $38,000 |
| 2 Persons | $17,420 | $27,150 | $43,400 |
| 3 Persons | $21,960 | $30,550 | $48,850 |
| 4 Persons | $26,500 | $33,900 | $54,250 |
| 5 Persons | $31,040 | $36,650 | $58,600 |
| 6 Persons | $35,580 | $39,350 | $62,950 |
| 7 Persons | $40,120 | $42,050 | $67,300 |
| 8 Persons | $44,660 | $44,750 | $71,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shannon, MS?+
The Fair Market Rent (FMR) for Lee County, MS is: $853 (Studio), $859 (1BR), $1045 (2BR), $1319 (3BR), $1486 (4BR). Actual rent at subsidized properties like Cedar Ridge Apts is typically 30% of household income or less.
What size apartments are available at Cedar Ridge Apts?+
Cedar Ridge Apts offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Cedar Ridge Apts?+
Cedar Ridge 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.
Who manages Cedar Ridge Apts?+
Cedar Ridge Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Shannon, MS?+
Based on Fair Market Rent for Lee County, the estimated price range is: 1-bedroom: $859, 2-bedroom: $1045, 3-bedroom: $1319. Actual rent at Cedar Ridge Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Lee County, MS?+
For a 4-person household in Lee County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,900, Low Income (80% AMI): $54,250. These limits are set by HUD and updated annually.
Who is eligible to live at Cedar Ridge Apts?+
Cedar Ridge 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.