Carmel Ridge Apartments

711 New Leicester Hwy, Asheville, North Carolina 28806

Carmel Ridge is an 80-unit, five-building family development situated in the Blue Ridge Mountains of Asheville, NC.

As home to a great cultural and artistic community, Asheville is filled with historical landmarks, noteworthy museums, and extraordinary displays of art. Carmel Ridge residents enjoy a natural setting of trees and planned green spaces that are well suited to the community and the residents who choose to live there.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	1101	Call for Price
2 Bedroom (2/2)	1277	Call for Price
3 Bedroom (3/2)	1427	Call for Price

Eligibility for Carmel Ridge 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 Asheville but actual income limits may differ for units at Carmel Ridge Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$29,750	$34,000	$38,250	$42,500	$45,900	$49,300
Low Income (60%)	$35,700	$40,800	$45,900	$51,000	$55,080	$59,160

Carmel Ridge Apartments Details

80 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
Playground
Business Center
Clubhouse
Grilling Area

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.