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