Magnolia Pointe participates in an affordable housing program. Rent at a Low Income Housing Tax Credit Program property has a rent advantage to the resident compared to other neighboring communities. Rental rates are a specific percentage below the area median income (AMI). To accommodate different household income levels, we offer 60% AMI homes and 80% AMI homes, which have different income requirements and are detailed below. This variety allows for more households to be eligible to call Magnolia Pointe home!

Before applying for an available floor plan, review the income limits to determine if you are eligible for a 60% AMI or 80% AMI home.

60% AMI HOMES

*Rental rates that are 60% of the Average Median Income. More information on Tax Credit/Affordable housing here.

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

5 Occupants

6 Occupants

Max. Income

$62,640

$71,580

$80,520

$89,460

$96,660

$103,800

80% AMI HOMES

*Rental rates that are 80% of the Average Median Income. More information on Tax Credit/Affordable housing here.

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

5 Occupants

6 Occupants

Max. Income

$71,200

$81,400

$91,550

$101,700

$109,850

$118,000

The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2.5 times the monthly rent amount to qualify. Third-party verification will be required of all income and copies of tax returns and pay stubs may be required.

3A - 80%

3 Bedrooms | 2 Bathrooms

3 Bedrooms

2 Bathrooms

Up to 1,250 Sq. Ft.

Pet Friendly

Features & Amenities

Fully equipped kitchen
Full-size washer and dryer connections
Walk-in closets
Ceiling fans
9' ceilings
Patio or balcony

Starting at $1,695.00

10 Apartments Available

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Floor Plan eBrochure

Prices and special offers valid for new residents only. Pricing and availability subject to change at any time.

3A - 80%

60% AMI HOMES

80% AMI HOMES

3A - 80%

3A - 80%

Features & Amenities

Apartment: # 15-702

Apartment: # 13-523

Apartment: # 11-222

Apartment: # 15-707

Apartment: # 15-732

Apartment: # 10-132

Apartment: # 10-101

Apartment: # 15-727

Apartment: # 11-223

Apartment: # 13-501

Starting at $1,695.00

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