Calhoun Manor

517 Hwy 9 S., Calhoun City, Mississippi 38916

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Calhoun Manor is managed by Olympia Management INC.

Calhoun Manor offers the best value in apartment living for senior adults 55 and over living in Calhoun City, Mississippi. Apartments include central heat/air, range, refrigerator and mini-blinds on the windows, and all units are pre-wired for cable.

Residents also enjoy the on-site amenities such as community room, laundry facilities, outdoor picnic area with gazebo and grill, and prompt service when needed from the professional staff. Water/sewer and garbage removal are included in the rent.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 650 Call for Price
Two Bedroom (2/1) 800 Call for Price

Eligibility for Calhoun Manor

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Calhoun City but actual income limits may differ for units at Calhoun Manor.

AMI Band 1 Person 2 Person 3 Person 4 Person
30% $14,580 $19,720 $24,860 $30,000
50% $21,800 $24,900 $28,000 $31,100
80% $34,850 $39,800 $44,800 $49,750

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 Calhoun City but actual income limits may differ for units at Calhoun Manor.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $21,800 $24,900 $28,000 $31,100
Low Income (60%) $26,160 $29,880 $33,600 $37,320

Calhoun Manor Details

  • 32 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • On-Site Manager
  • Gazebo
  • Emergency Pull Cord
  • Laundry Facilities
  • Picnic Area

Unit Amenities

  • Cable Ready
  • Refrigerator
  • Central Heat & Air
  • Stove
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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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