Magnolia Gardens II is managed by Olympia Management INC.
Located a few blocks from Selma Mall, Magnolia Gardens II combines quality and convenience for individuals and families in a relaxed neighborhood setting. Apartments are available in 1-, 2-, or 3-bedroom layouts, each with central heat/air and washer/dryer hookups, as well as kitchen appliances.
Residents enjoy plenty of other community benefits, including an on-site clubhouse, outdoor playground, splash pad and picnic area with gazebo. Garbage removal is included in the rent, and the responsive team works hard to make sure your maintenance needs are met.
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 |
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 II.
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 |
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.