Magnolia Gardens

2001 S Lee St, Americus, Georgia 31709

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Magnolia Gardens Details

  • 176 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Section 202 Supportive Housing for the Elderly

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Americus HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Americus but actual income limits may differ for units at Magnolia Gardens.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,590 $18,310 $23,030 $27,750 $32,470 $35,650 $38,100 $40,550
50% $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $38,100 $40,550
80% $34,400 $39,300 $44,200 $49,100 $53,050 $57,000 $60,900 $64,850

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