Myrtle Terrace Apartments

55 West Myrtle Street, Belmont, North Carolina 28012

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Eligibility for Myrtle Terrace Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Belmont but actual income limits may differ for units at Myrtle Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$20,950	$23,950	$26,950	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$34,900	$39,900	$44,900	$49,850	$53,850	$57,850	$61,850	$65,850
80%	$55,850	$63,800	$71,800	$79,750	$86,150	$92,550	$98,900	$105,300

Myrtle Terrace Apartments Details

32 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 515 Rural Rental Housing

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.