Mississippi

Tax credit apartments in Grenada, MS

HUD's database lists 8 properties in Grenada built or rehabbed with low-income housing tax credits: 418 apartments, 390 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Dogwood Park Apts

138 Perry Rd, Grenada, MS 38901

28 2BR, 32 3BR

Apartments
60
Income-restricted
59
Placed in service
2002

Graceland Of Grenada

1855 F S Hill Dr, Grenada, MS 38901

Apartments
25
Income-restricted
n/a
Placed in service
n/a

Mcmath Estates

850 Washington St, Grenada, MS 38901

16 1BR, 27 2BR

Apartments
43
Income-restricted
42
Placed in service
2011

Peppertree Apts

876 W Govan St, Grenada, MS 38901

48 2BR

Apartments
48
Income-restricted
48
Placed in service
2013

Pine Hill Apts

700 Washington St, Grenada, MS 38901

8 1BR, 20 2BR, 20 3BR

Apartments
48
Income-restricted
47
Placed in service
2000

Sundown Gardens

239 Garden Dr, Grenada, MS 38901

30 3BR, 32 4BR

Apartments
62
Income-restricted
62
Placed in service
2009

Washington Garden Apts

800 Washington St, Grenada, MS 38901

Apartments
100
Income-restricted
100
Placed in service
2012

Westlake

160 Dost Lane, Grenada, MS 38901

16 2BR, 16 3BR

Apartments
32
Income-restricted
32
Placed in service
2024

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.