WAVELAND, MS - FOURMIDABLE, a diversified, national real estate management company, was designated as the new managing agent for three multi-family Section 8, tax credit, public housing and Rental Assistance Demonstration (RAD) communities consisting of 210 apartments in Mississippi.
According to FOURMIDABLE President, Michael Schocker, "The addition of the communities in Bay Waveland is a tremendous testament to our growing recognition in the various aspects of Affordable Housing. We are excited to continue their pattern of providing high quality and affordable housing to the residents they serve."
Bay Waveland Housing Authority stated that they are very happy to have FOURMIDABLE as the management agent at the following three communities:
Bay Pines, a 100-unit apartment community, consisting of one to four bedroom units located in Bay St. Louis. This layered community consists of 100% low income housing tax credit units with 34 project-based Section 8 units and 66 recently converted RAD units.
Camille Court, a 30-unit apartment community located in Waveland, consists of single family homes. Currently this community is public housing with 100% low income housing tax credits with plans to convert to RAD.
Oak Haven Senior Apartments is an 80-unit senior, 55 or older, community also located in Waveland. The property consists of one and two bedroom units with 39 project-based Section 8 units and 41 RAD units. The community has an additional low income housing tax credit component as well.
RAD (Rental Assistance Demonstration) programs seek to preserve public housing by providing Public Housing Authorities with access to more stable funding to make needed improvements.