Hancock Estates

1408 Ida St, Tupelo, MS 38801

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Colleen Carter
Rent Beds Baths SqFt
Call for Rents 3 - 4 Beds 1 Bath -

Waitlist Forecast

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.

Hancock Estates is a newly built affordable apartment complex in Tupelo, Mississippi, for families.

Dave's Thoughts On Hancock Estates

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 Hancock Estates 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Hancock Estates Amenities

  • Playground
  • Garage
  • Central Heat & Air

Units at Hancock Estates

Unit (Bd/Ba) Ft2 Rent
Three Bedroom (3/1) - Call for Price
Four Bedroom (4/1) - Call for Price

Income Qualification for Hancock Estates

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $24,100 / year $27,550 / year $31,000 / year $34,400 / year $37,200 / year $39,950 / year $42,700 / year $45,450 / year
50% AMI for PBRA Units $24,100 / year $27,550 / year $31,000 / year $34,400 / year $37,200 / year $39,950 / year $42,700 / year $45,450 / year
60% AMI for LIHTC Units $28,920 / year $33,060 / year $37,200 / year $41,280 / year $44,640 / year $47,940 / year $51,240 / year $54,540 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Hancock Estates

Does Hancock Estates have a waiting list?

Hancock Estates 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 Hancock Estates?

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 Hancock Estates?

Hancock Estates is managed by NDC Asset Management headquartered in Lake Charles , Louisiana.

In addition to Hancock Estates, how many other affordable housing properties (and units) are there in Tupelo?

In addition to Hancock Estates, we list 19 other affordable properties in Tupelo. Learn about these properties here. Our data research shows that there are a total of 2152 affordable units in Tupelo.

When was the Hancock Estates listing last updated?

Hancock Estates listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Hancock Estates

Nathaniel Place/ Barley Court Apartments

840 Barley Ct, Tupelo, Mississippi 38801

Ashbury Court

108 Ashbury Ct, Tupelo, Mississippi 38801

Haven Rentals

3465 Willie Moore Rd, Tupelo, Mississippi 38801

Magnolia Manor

1514 Country Wood Cv, Tupelo, Mississippi 38801

Kirkwood Apartments the Glen at Kirkwood

202 Milford St, Tupelo, Mississippi 38801

Verona Estates

119 Lakeland Drive, Tupelo, Mississippi 38801

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.