Magnolia Gardens I

1943 Marie Foster St, Selma, Alabama 36703

Contact Magnolia Gardens I

Conveniently located in Selma, Alabama, Magnolia Gardens I provides quality apartment living in a relaxing community setting. Select from 1-, 2-, or 3-bedroom floor plans, each equipped with washer/dryer connections, central heat/air, range, refrigerator, dishwasher, and disposal.

Residents also enjoy the on-site clubhouse, swimming pool, playground and picnic area, as well as free garbage removal and the added benefit of a professional and responsive maintenance team. Lots of shopping and dining options can be found a few blocks away, in and around Selma Mall.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Eligibility for Magnolia Gardens I

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 Selma but actual income limits may differ for units at Magnolia Gardens I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$22,850	$26,100	$29,350	$32,600	$35,250	$37,850
Low Income (60%)	$27,420	$31,320	$35,220	$39,120	$42,300	$45,420

Magnolia Gardens I Details

48 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Clubhouse
On-Site Maintenance
Swimming pool
Picnic Area

Unit Amenities

Dishwasher
Garbage Disposal
Washer and Dryer Hookup
Refrigerator
Oven and Range
Trash Included
Central Heat & Air

Nearby Amenities

Close to Dining
Close to Shopping

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.