Terrace Park Apartments

5905 Airways Boulevard, Southaven, Mississippi 38671

Terrace Park is a community designed with you in mind, with the best of everything in comfortable living. Affordable rents and energy efficient construction are added bonuses to a wide range of amenities. Custon Built 1, 2, 3 spacious apartment community located on Airways Blvd. just south of Goodman Rd. in Southaven, MS. Convenient to shopping and entertainment. Amenities include washer and dryer connections, frost free refrigerators with ice makers, dishwasher, hotpoint appliances, walk-in closetsm carpet and vinyl/tile, patio or balcony with exterior storage, cable TV available, handicapped adaptable units.Come home to a place you can really be proud of ... Terrace Park Apartments.

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Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 958 Call for Price
Two Bedroom (2/1) 1150 Call for Price
Three Bedroom (3/2) 1341 Call for Price

Terrace Park Apartments Details

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

Property Amenities

  • Playground
  • Clubhouse
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer and Dryer Hookup
  • Cable Ready
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony
  • Extra Storage

Nearby Amenities

  • Near Schools

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.

Southaven 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 Southaven but actual income limits may differ for units at Terrace Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,900 $30,750 $34,600 $38,400 $41,500 $44,550 $47,650 $50,700
Low Income (60%) $32,280 $36,900 $41,520 $46,080 $49,800 $53,460 $57,180 $60,840

Terrace Park Apartments is managed by Ambling Management Company.

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Nearby Low Income Apartment Communities

South Park Gardens

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