About This Property
Lakeside Manor offers 24 low-income units in Raleigh, Mississippi, serving elderly and disabled residents. The property includes 22 one-bedroom units and 2 two-bedroom units, with the buildings placed in service in 1992. The community utilizes 4% Low Income Housing Tax Credits to maintain affordability.
Property Details
Fair Market Rent - Smith 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 | $1,092 |
| 4 Bedroom | $1,219 |
Income Limits - Smith County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,050
- Low (80%)
- $32,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,900
- Low (80%)
- $36,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,750
- Low (80%)
- $41,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,600
- Low (80%)
- $45,750
- Extremely Low (30%)
- $30,900
- Very Low (50%)
- $30,900
- Low (80%)
- $49,450
- Extremely Low (30%)
- $33,200
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $35,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,750
- Extremely Low (30%)
- $37,800
- Very Low (50%)
- $37,800
- Low (80%)
- $60,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,050 | $32,050 |
| 2 Persons | $17,420 | $22,900 | $36,600 |
| 3 Persons | $21,960 | $25,750 | $41,200 |
| 4 Persons | $26,500 | $28,600 | $45,750 |
| 5 Persons | $30,900 | $30,900 | $49,450 |
| 6 Persons | $33,200 | $33,200 | $53,100 |
| 7 Persons | $35,500 | $35,500 | $56,750 |
| 8 Persons | $37,800 | $37,800 | $60,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Raleigh, MS?+
The Fair Market Rent (FMR) for Smith County, MS is: $775 (Studio), $804 (1BR), $903 (2BR), $1092 (3BR), $1219 (4BR). Actual rent at subsidized properties like Lakeside Manor is typically 30% of household income or less.
What size apartments are available at Lakeside Manor?+
Lakeside Manor offers the following unit types: 22 One-Bedroom, 2 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Raleigh, MS?+
Based on Fair Market Rent for Smith County, the estimated price range is: 1-bedroom: $804, 2-bedroom: $903. Actual rent at Lakeside Manor may be lower for income-eligible households.
How do I apply for housing at Lakeside Manor?+
Lakeside Manor 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 is eligible to live at Lakeside Manor?+
Lakeside Manor primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lakeside Manor?+
Lakeside Manor is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Smith County, MS?+
For a 4-person household in Smith County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,600, Low Income (80% AMI): $45,750. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.