About This Property
Silver Springs Apartments provides affordable housing for elderly residents in Cape Girardeau, Missouri. The property contains 40 units consisting of 10 one-bedroom and 30 two-bedroom apartments and has been in service since 2016. It is financed through the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Cape Girardeau County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $685 |
| 1 Bedroom | $742 |
| 2 Bedroom | $933 |
| 3 Bedroom | $1,315 |
| 4 Bedroom | $1,540 |
Income Limits - Cape Girardeau County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,400
- Very Low (50%)
- $22,300
- Low (80%)
- $35,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,500
- Low (80%)
- $40,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,700
- Low (80%)
- $45,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,850
- Low (80%)
- $50,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,400
- Low (80%)
- $55,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,950
- Low (80%)
- $59,150
- Extremely Low (30%)
- $39,500
- Very Low (50%)
- $39,500
- Low (80%)
- $63,200
- Extremely Low (30%)
- $42,050
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,400 | $22,300 | $35,700 |
| 2 Persons | $17,420 | $25,500 | $40,800 |
| 3 Persons | $21,960 | $28,700 | $45,900 |
| 4 Persons | $26,500 | $31,850 | $50,950 |
| 5 Persons | $31,040 | $34,400 | $55,050 |
| 6 Persons | $35,580 | $36,950 | $59,150 |
| 7 Persons | $39,500 | $39,500 | $63,200 |
| 8 Persons | $42,050 | $42,050 | $67,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cape Girardeau, MO?+
The Fair Market Rent (FMR) for Cape Girardeau County, MO is: $685 (Studio), $742 (1BR), $933 (2BR), $1315 (3BR), $1540 (4BR). Actual rent at subsidized properties like Silver Springs Apartments is typically 30% of household income or less.
What size apartments are available at Silver Springs Apartments?+
Silver Springs Apartments offers the following unit types: 10 One-Bedroom, 30 Two-Bedroom units.
How do I apply for housing at Silver Springs Apartments?+
Silver Springs Apartments 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 Silver Springs Apartments?+
Silver Springs Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Cape Girardeau County, MO?+
For a 4-person household in Cape Girardeau County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,850, Low Income (80% AMI): $50,950. These limits are set by HUD and updated annually.
What is the price range for apartments in Cape Girardeau, MO?+
Based on Fair Market Rent for Cape Girardeau County, the estimated price range is: 1-bedroom: $742, 2-bedroom: $933. Actual rent at Silver Springs Apartments may be lower for income-eligible households.
Who manages Silver Springs Apartments?+
Silver Springs Apartments is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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