Magnolia Senior Village

1942 Martin Luther King St, Selma, Alabama 36703

Contact Magnolia Senior Village

At Magnolia Senior Village in Selma, Alabama, we perfectly combine affordability, location and neighborhood atmosphere. Magnolia Senior Village is an income restricted property for seniors age 55 and older. This community is centered in an established residential neighborhood, offering spacious and unique 1- and 2-bedroom floor plans for seniors age 55 and older. Each apartment is equipped with central heat and air, washer/dryer connections, range, dishwasher, disposal and refrigerator with icemaker. The complex is equipped with a convenient elevator for residents. Residents enjoy the on-site community room and laundry facilities, as well as shuffleboard, picnic areas and the added benefit of an extremely attentive management and maintenance team. Garbage pickup is included.

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

Eligibility for Magnolia Senior Village

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 Senior Village.

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

Magnolia Senior Village Details

36 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Elevator
Community Room
On-Site Manager
On-Site Maintenance
Laundry Facilities
Picnic Area

Unit Amenities

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

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.