Magnolia Senior Village

1942 Martin Luther King St, Selma, AL 36703

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Near Elderly (55+)
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

At Magnolia Senior Village in Selma, Alabama, we perfectly combine affordability, location and neighborhood atmosphere. Magnolia Senior Village is an income restricted property for seniors age 55 and older. This community is centered in an established residential neighborhood, offering spacious and unique 1- and 2-bedroom floor plans for seniors age 55 and older. Each apartment is equipped with central heat and air, washer/dryer connections, range, dishwasher, disposal and refrigerator with icemaker. The complex is equipped with a convenient elevator for residents. Residents enjoy the on-site community room and laundry facilities, as well as shuffleboard, picnic areas and the added benefit of an extremely attentive management and maintenance team. Garbage pickup is included.

Dave's Thoughts On Magnolia Senior Village

Because Magnolia Senior Village participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Magnolia Senior Village Amenities

  • Elevator
  • Community Room
  • On-Site Manager
  • Dishwasher
  • Garbage Disposal
  • Washer and Dryer Hookup
  • Refrigerator
  • Oven and Range
  • Trash Included
  • On-Site Maintenance
  • Central Heat & Air
  • Laundry Facilities
  • Picnic Area

Units at Magnolia Senior Village

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Income Qualification for Magnolia Senior Village

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $22,850 / year $26,100 / year $29,350 / year $32,600 / year
50% AMI for PBRA Units $22,850 / year $26,100 / year $29,350 / year $32,600 / year
60% AMI for LIHTC Units $27,420 / year $31,320 / year $35,220 / year $39,120 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Magnolia Senior Village

Does Magnolia Senior Village have a waiting list?

Magnolia Senior Village probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Magnolia Senior Village?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Magnolia Senior Village?

Magnolia Senior Village is managed by Olympia Management INC headquartered in Albertville, AL.

In addition to Magnolia Senior Village, how many other affordable housing properties (and units) are there in Selma?

In addition to Magnolia Senior Village, we list 20 other affordable properties in Selma. Learn about these properties here. Our data research shows that there are a total of 1135 affordable units in Selma.

When was the Magnolia Senior Village listing last updated?

Magnolia Senior Village listing on Affordable Housing Online was last updated on 03/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Magnolia Senior Village

Lodges on Lincoln

2866 Lincoln Dr, Selma, Alabama 36701

bed 2-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Chanticleer Apartments

1200 Woodrow Ave, Selma, Alabama 36701

bed 1-3

Selma Square Apartments

1201 Woodrow Ave, Selma, Alabama 36701

bed 1-2
payment Subsidized

Magnolia Gardens II

1941 Marie Foster St, Selma, Alabama 36703

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Magnolia Gardens I

1943 Marie Foster St, Selma, Alabama 36703

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Cedar Grove Apartments

2811 Earl Goodwin Pkwy, Selma, Alabama 36703

bed 2-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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