Magnolia Manor - MO

About This Building

Title: Affordable Housing Options at Magnolia Manor in Portageville, MO Heading 1: Location and Eligibility Magnolia Manor is a Low-Income Housing Tax Credit apartment situated in Portageville, MO. If you are searching for an affordable housing option, these rental apartments receive support from the LIHTC program and adhere to applicable rent and income restrictions. Heading 2: Promoting Affordable Housing The LIHTC program offers incentives to builders and developers, encouraging them to provide affordable housing opportunities to low-income individuals. The maximum rent charged for units in Magnolia Manor is determined based on the Area Median Income (AMI). However, it is important to note that the AMI-based rents may still pose financial challenges to low-income individuals. Heading 3: Assessing Affordability To determine if Magnolia Manor's rent is within your means, it is advisable to check the current rental rates. Affordability varies based on individual income and requirements. It is recommended to review these rates in detail to make an informed decision. Heading 4: Apartment Details Magnolia Manor offers 20 one-bedroom apartments designated for low-income individuals. As demand for affordable housing is high, there may be waiting lists for these units. Provided below is the contact number, enabling direct communication to inquire about application procedures and qualification criteria. Please contact Magnolia Manor directly at [contact number] to explore your eligibility for these housing options.