Magnolia Lake Apartments

717 Burns Rd, Carrollton, Georgia 30117

Eligibility for Magnolia Lake Apartments

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 Carrollton but actual income limits may differ for units at Magnolia Lake Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $35,750 $40,850 $45,950 $51,050 $55,150 $59,250 $63,350 $67,400
Low Income (60%) $42,900 $49,020 $55,140 $61,260 $66,180 $71,100 $76,020 $80,880

Magnolia Lake Apartments Details

  • 216 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
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.

Nearby Low Income Apartment Communities like Magnolia Lake Apartments

Lakeview Paradise Carrollton

1210 Stewart St
Carrollton, Georgia

Park Place of Carrollton

646 N Park St
Carrollton, Georgia

English Village Apartments

200 Somerset Pl
Carrollton, Georgia
S. 515 Rural

Hays Mill Court

903 Hays Mill Rd
Carrollton, Georgia