Magnolia Terrace I & II

714 Green Street, Fort Valley, Georgia 31030

Welcome to Magnolia Terrace Apartments. We're an affordable Fort Valley, GA apartment community offering 1, 2 and 3 bedroom apartment homes. We are conveniently located near downtown, I-75, shopping, dining, parks, and only 30 minutes from Macon. Our affordable housing community offers residents many amenities including exceptional customer service, children's playground, BBQ Grills, on-site laundry facility and more. Call or stop by to reserve your next Fort Valley apartment home today! 

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 750 From $293 To $560
Two Bedroom (2/2) 1000 From $550 To $650
Three Bedroom (3/2) 1200 From $635 To $775

Magnolia Terrace I & II Details

  • 50 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Community Room
  • On-Site Manager
  • On-Site Maintenance

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.

Fort Valley 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 Fort Valley but actual income limits may differ for units at Magnolia Terrace I & II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,200 $25,350 $28,500 $31,650 $34,200 $36,750 $39,250 $41,800
Low Income (60%) $26,640 $30,420 $34,200 $37,980 $41,040 $44,100 $47,100 $50,160

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