Welcome to Magnolia Court, an Income Affordable Apartment Community.

Rental Rates are as follows:                                 

One Bedroom                $720

Two Bedroom               $810

Three Bedroom             $990

 

Application Fee: $50

Security Deposit: $350 (additional might be required)

 

Income requirements that each household must meet are as follows:

 

# Household                           60% Level

1 Person                                   $32,760

2 People                                   $37,440

3 People                                   $42,120

4 People                                   $46,800

5 People                                   $50,580

6 People                                   $54,300

7 People                                   $58,080

8 People                                   $61,800

 

Gross income is calculated as income before taxes.

 

Income includes, but is not limited to wages from employment, social security, pension, court ordered child support, military Income, unemployment, self-employment income (must be verified with previous tax return), and gift contributions (can only be 35% of qualifying income).

 

Rates and Income Levels subject to change.

 

Effective 5/1/2021