Magnolia Park Apartments

314 Laurel Bay Rd, Beaufort, South Carolina 29906

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Eligibility for Magnolia 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 Beaufort but actual income limits may differ for units at Magnolia Park Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$32,150	$36,750	$41,350	$45,900	$49,600	$53,250	$56,950	$60,600
Low Income (60%)	$38,580	$44,100	$49,620	$55,080	$59,520	$63,900	$68,340	$72,720

Magnolia Park Apartments Details

56 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

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.