Magnolia Plaza

700 Doris St, Navasota, Texas 77868

Magnolia Plaza, located at 700 Doris St in Navasota, TX has one and two bedroom apartments. Magnolia Plaza participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 649 Income Based
2 Bedroom (2/1) 815 Income Based

Magnolia Plaza Details

  • 60 one and two bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Playground
  • Community Media Center
  • High Speed Internet Access

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Navasota 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 Navasota but actual income limits may differ for units at Magnolia Plaza.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,250 $17,420 $21,960 $26,500 $31,040 $35,580 $39,100 $41,600
50% $22,050 $25,200 $28,350 $31,500 $34,050 $36,550 $39,100 $41,600
80% $35,300 $40,350 $45,400 $50,400 $54,450 $58,500 $62,500 $66,550

Navasota 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 Navasota but actual income limits may differ for units at Magnolia Plaza.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,050 $25,200 $28,350 $31,500 $34,050 $36,550 $39,100 $41,600
Low Income (60%) $26,460 $30,240 $34,020 $37,800 $40,860 $43,860 $46,920 $49,920

Magnolia Plaza is managed by ITEX Property Management.