About This Property
Parma Apts offers 30 low-income rental units in Parma, Missouri, with a mix of 12 one-bedroom, 12 two-bedroom, and 6 three-bedroom floor plans. The property was placed in service in 2004 and utilizes 4% Low-Income Housing Tax Credit financing along with tax-exempt bonds. The development provides affordable housing options for households meeting income eligibility requirements.
Property Details
Fair Market Rent - New Madrid 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 | $629 |
| 1 Bedroom | $635 |
| 2 Bedroom | $834 |
| 3 Bedroom | $1,008 |
| 4 Bedroom | $1,111 |
Income Limits - New Madrid County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,550
- Low (80%)
- $36,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,350
- Low (80%)
- $40,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,150
- Low (80%)
- $45,050
- Extremely Low (30%)
- $30,450
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $32,700
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $34,950
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $37,200
- Low (80%)
- $59,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,550 |
| 2 Persons | $17,420 | $22,550 | $36,050 |
| 3 Persons | $21,960 | $25,350 | $40,550 |
| 4 Persons | $26,500 | $28,150 | $45,050 |
| 5 Persons | $30,450 | $30,450 | $48,700 |
| 6 Persons | $32,700 | $32,700 | $52,300 |
| 7 Persons | $34,950 | $34,950 | $55,900 |
| 8 Persons | $37,200 | $37,200 | $59,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Parma, MO?+
The Fair Market Rent (FMR) for New Madrid County, MO is: $629 (Studio), $635 (1BR), $834 (2BR), $1008 (3BR), $1111 (4BR). Actual rent at subsidized properties like Parma Apts is typically 30% of household income or less.
What size apartments are available at Parma Apts?+
Parma Apts offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom, 6 Three-Bedroom units, for a total of 30 units.
What are the income limits for affordable housing in New Madrid County, MO?+
For a 4-person household in New Madrid County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,150, Low Income (80% AMI): $45,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Parma, MO?+
Based on Fair Market Rent for New Madrid County, the estimated price range is: 1-bedroom: $635, 2-bedroom: $834, 3-bedroom: $1008. Actual rent at Parma Apts may be lower for income-eligible households.
How do I apply for housing at Parma Apts?+
Parma 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 Parma Apts?+
Parma Apts is managed by . You can reach them at . Visit their website for more information.