809 N State St, Jackson, MS 39202
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $490 - 645 per Month† | Studio - 2 Beds | 1 Bath | - |
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.
Come experience the best at 809 State Street. We have the finest 55 and better apartment community in Jackson, Mississippi. We are conveniently located in the Outer Downton Belhaven area. When you become a resident here, you will have peace of mind knowing that you're within a few minutes of medical care, restaurants, shopping, and pharmacies. 809 State Street offers quality living at affordable prices, in a premier destination. If you are looking for a studio, one, or two bedroom apartment, we have what you want. Our senior apartments for rent are uniquely designed with amenities that you deserve. Extra storage, tile flooring, disability access, air conditioning, and mini blinds are just a few of the standard features included in each residence. These little pleasures make life more convenient for you. We are proud of our time-honored commitment to excellence. We strive to make your home a special place to live. At 809 State Street Apartments we ensure our residents have a lovely, peaceful setting. You can feel at home with our limited access gate and 24-Hour courtesy patrol. Residents can also enjoy the convenience of an elevator, staying in shape with our fitness center and even a relaxing day at our on-site library. Let our staff impress you with the highest level of resident service. Check out our photo gallery and see why you would want to make 809 State Street Apartments your home.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests 809 State Street - Magnolia Towers does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| studio (Studio/1) | - | $490† |
| 1 Bedroom (1/1) | - | $510 $585† |
| 2 Bedroom (2/1) | - | $645† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year |
| 50% AMI for PBRA Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year |
| 60% AMI for LIHTC Units | $33,600 / year | $38,400 / year | $43,200 / year | $47,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 809 State Street - Magnolia Towers have a waiting list?
809 State Street - Magnolia Towers 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 809 State Street - Magnolia Towers?
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.
What property management company manges 809 State Street - Magnolia Towers?
809 State Street - Magnolia Towers is managed by United Apartment Group headquartered in San Antonio , Texas.
In addition to 809 State Street - Magnolia Towers, how many other affordable housing properties (and units) are there in Jackson?
In addition to 809 State Street - Magnolia Towers, we list 126 other affordable properties in Jackson. Learn about these properties here. Our data research shows that there are a total of 9215 affordable units in Jackson.
When was the 809 State Street - Magnolia Towers listing last updated?
809 State Street - Magnolia Towers 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.
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