Magnolia Pointe

1921 Bowater Dr, Kingsport, Tennessee 37660

Contact Magnolia Pointe

Magnolia Pointe is an affordable apartment community offering 1-, 2-, 3-, and 4-bedroom units.

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
Four Bedroom (4/1)	-	Call for Price

Eligibility for Magnolia Pointe

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 Kingsport but actual income limits may differ for units at Magnolia Pointe.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,850	$19,720	$24,860	$30,000	$35,140	$40,280	$43,750	$46,550
50%	$24,700	$28,200	$31,750	$35,250	$38,100	$40,900	$43,750	$46,550
80%	$39,500	$45,150	$50,800	$56,400	$60,950	$65,450	$69,950	$74,450

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 Kingsport but actual income limits may differ for units at Magnolia Pointe.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$24,700	$28,200	$31,750	$35,250	$38,100	$40,900	$43,750	$46,550

Magnolia Pointe Details

76 one, two, three and four 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.