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.
Units
| 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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