Ivy Terrace Apartments

206 Ivy Terrace Dr, Boone, North Carolina 28607

Contact Ivy Terrace Apartments

Nestled in the beautiful mountains of Boone, NC, Ivy Terrace is located off Hwy 321 and State Farm Road. The property consists of 34 one-bedroom, one-bath apartments for the elderly, handicapped and disabled. Positioned in a quiet residential neighborhood, the hospital, doctors offices, shopping centers, banks, and churches are within minutes of the complex. The Greenway walking and hiking trails are in close proximity and the property is on the Appal Cart public transportation route.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price

Eligibility for Ivy Terrace 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 Boone but actual income limits may differ for units at Ivy Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,600	$33,800	$38,050	$42,250	$45,650	$49,050	$52,400	$55,800
Low Income (60%)	$35,520	$40,560	$45,660	$50,700	$54,780	$58,860	$62,880	$66,960

Ivy Terrace Apartments Details

34 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Community Room
Laundry Facilities
Personal 24-hour emergency call system
On-Site Laundry

Unit Amenities

Handicapped Accessible
Carpet
Refrigerator
Stove
Energy Efficient Appliances

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.

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Nearby Low Income Apartment Communities like Ivy Terrace Apartments

Watauga Green Apartments

170 Clawson St

Boone, North Carolina

Rent Assisted

LIHTC

HOME

Call For Rent

2-3 BR

Contact Now