714 Green Street, Fort Valley, GA 31030
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $293 - 775 per Month† | 1 - 3 Beds | 1 - 2 Baths | 750 - 1,200 Sq Ft |
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.
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!
Because Magnolia Terrace I & II 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 750ft2 | $293 $560† |
| Two Bedroom (2/2) | 1000ft2 | $550 $650† |
| Three Bedroom (3/2) | 1200ft2 | $635 $775† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,450 / year | $26,800 / year | $30,150 / year | $33,500 / year | $36,200 / year | $38,900 / year |
| 50% AMI for PBRA Units | $23,450 / year | $26,800 / year | $30,150 / year | $33,500 / year | $36,200 / year | $38,900 / year |
| 60% AMI for LIHTC Units | $28,140 / year | $32,160 / year | $36,180 / year | $40,200 / year | $43,440 / year | $46,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Magnolia Terrace I & II have a waiting list?
Magnolia Terrace I & II 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 Terrace I & II?
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.
In addition to Magnolia Terrace I & II, how many other affordable housing properties (and units) are there in Fort Valley?
In addition to Magnolia Terrace I & II, we list 13 other affordable properties in Fort Valley. Learn about these properties here. Our data research shows that there are a total of 827 affordable units in Fort Valley.
When was the Magnolia Terrace I & II listing last updated?
Magnolia Terrace I & II listing on Affordable Housing Online was last updated on 01/03/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Mary Estrada says:
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