Marksville Square Apartments

743 Cannon St, Marksville, Louisiana 71351

Marksville Square is a peaceful community that offers lawn care, a community laundry room, gazebo and playground. This community features 1 and 2 bedroom apartments.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Marksville Square Apartments Details

  • 31 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Playground
  • Community Room
  • Laundry Room
  • Gazebo
  • Emergency Pull Cord
  • Experienced Management
  • Peaceful Community
  • Lawn Care
  • After Hours Call Service
  • Pest Control
  • Community Kitchen

Unit Amenities

  • Walk-in Closet(s)
  • Storage
  • Refrigerator
  • Blinds
  • Central Heat & Air
  • Stove
  • Private Porch

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Marksville 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 Marksville but actual income limits may differ for units at Marksville Square Apartments.

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 $30,600 $32,850 $35,100 $37,400
50% $19,850 $22,650 $25,500 $28,300 $30,600 $32,850 $35,100 $37,400
80% $31,750 $36,250 $40,800 $45,300 $48,950 $52,550 $56,200 $59,800

Marksville 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 Marksville but actual income limits may differ for units at Marksville Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $19,850 $22,650 $25,500 $28,300 $30,600 $32,850 $35,100 $37,400
Low Income (60%) $23,820 $27,180 $30,600 $33,960 $36,720 $39,420 $42,120 $44,880

Marksville Square Apartments is managed by CMS Management LLC.