Compton Place Apartments

547 Eliada Home Rd, Asheville, North Carolina 28806

Contact Compton Place Apartments

Compton Place Apartments offer 1-bedroom and 2-bedroom apartments for persons 55 and older who want to live in a quiet country setting. Each unit includes central heat & air, appliances,ceiling fans, window treatments, and abundant storage space. Property amenities include a library/computer room, exercise room, laundry facilities, and weekly resident activities.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	600	From $495 To $505
Two Bedroom (2/1)	800	From $583 To $593

Eligibility for Compton Place 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 Compton Place Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$29,750	$34,000	$38,250	$42,500

Compton Place Apartments Details

40 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Fitness Center
Community Room
Library
Laundry Room
Gazebo
Experienced Management
Walking Trails
Computer Room
24 Hour Maintenance

Unit Amenities

Ceiling Fan(s)
Garbage Disposal
Trash Included
Fully Equipped Kitchen
Deluxe Cabinetry

Nearby Amenities

Near Shopping

Office Hours

Day	Hours
Tuesday	10:00am-5:00pm
Thursday	10:00am-5:00pm

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.