About This Property
Broadway Terrace contains 48 low-income residential units in Drew, MS, comprising 16 one-bedroom and 32 two-bedroom apartments that serve families. The property has been in service since 1989 and operates with 9% Low-Income Housing Tax Credits. Interested parties can contact the property management for additional information and availability.
Property Details
Fair Market Rent - Sunflower 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 | $612 |
| 1 Bedroom | $687 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,160 |
| 4 Bedroom | $1,354 |
Income Limits - Sunflower 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 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Drew, MS?+
The Fair Market Rent (FMR) for Sunflower County, MS is: $612 (Studio), $687 (1BR), $903 (2BR), $1160 (3BR), $1354 (4BR). Actual rent at subsidized properties like Broadway Terrace is typically 30% of household income or less.
What size apartments are available at Broadway Terrace?+
Broadway Terrace offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.
Who manages Broadway Terrace?+
Broadway Terrace is managed by . You can reach them at .
How do I apply for housing at Broadway Terrace?+
Broadway Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 are the income limits for affordable housing in Sunflower County, MS?+
For a 4-person household in Sunflower 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 is eligible to live at Broadway Terrace?+
Broadway Terrace primarily serves families. 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 Drew, MS?+
Based on Fair Market Rent for Sunflower County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903. Actual rent at Broadway Terrace may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Broadway Terrace
Sunflower Apts
Ruleville, MS
24 UnitsBroadway Terrace Apts (89-070)
Drew, MS
48 UnitsLutkin Bayou Apts
Drew, MS
36 UnitsHead Circle
Ruleville, MS
38 UnitsBroadway Terrace Apts 89-070
Drew, MS
48 UnitsDriftwood Apts
Drew, MS
66 Units