Magnolia Village

104 Magnolia Ct, Americus, Georgia 31719

Magnolia Village is one of several developments that demonstrates Mercy Housing’s commitment to preserving existing affordable housing. The multifamily apartment complex, originally built in 1974, lies just outside the lowest-income census blocks in Americus, Georgia.

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Magnolia Village Details

  • 80 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Playground
  • Computer Lab
  • Business Center
  • Walking Trails
  • Picnic Area

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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 Village.

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

Americus Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Americus but actual income limits may differ for units at Magnolia Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $38,100 $40,550
Low Income (60%) $25,800 $29,520 $33,180 $36,840 $39,840 $42,780 $45,720 $48,660

Magnolia Village is managed by Mercy Housing.

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