Village at Stone Creek

514 Martin Luther King Jr Dr, Asheboro, North Carolina 27203

Contact Village at Stone Creek

Eligibility for Village at Stone Creek

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 Asheboro but actual income limits may differ for units at Village at Stone Creek.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$27,100	$30,950	$34,800	$38,650	$41,750	$44,850	$47,950	$51,050
Low Income (60%)	$32,520	$37,140	$41,760	$46,380	$50,100	$53,820	$57,540	$61,260

Village at Stone Creek 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.