Terrace Park Apartments

5905 Airways Boulevard, Southaven, Mississippi 38671

Contact Terrace Park Apartments

Terrace Park is a community designed with you in mind, with the best of everything in comfortable living. Affordable rents and energy efficient construction are added bonuses to a wide range of amenities. Custon Built 1, 2, 3 spacious apartment community located on Airways Blvd. just south of Goodman Rd. in Southaven, MS. Convenient to shopping and entertainment. Amenities include washer and dryer connections, frost free refrigerators with ice makers, dishwasher, hotpoint appliances, walk-in closetsm carpet and vinyl/tile, patio or balcony with exterior storage, cable TV available, handicapped adaptable units.Come home to a place you can really be proud of ... Terrace Park Apartments.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	958	Call for Price
Two Bedroom (2/1)	1150	Call for Price
Three Bedroom (3/2)	1341	Call for Price

Eligibility for Terrace Park Apartments

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 Southaven but actual income limits may differ for units at Terrace Park Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000
Low Income (60%)	$34,020	$38,880	$43,740	$48,600	$52,500	$56,400

Terrace Park Apartments Details

488 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Playground
Clubhouse
Laundry Room
24hr Emergency Maintenance

Unit Amenities

Air Conditioning
Dishwasher
Washer and Dryer Hookup
Cable Ready
Spacious Closets
Window Coverings
Carpet
Patio Deck Or Balcony
Extra Storage

Nearby Amenities

Near Schools

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.