Hillcrest Apartments

2603 Arnold Drive, Charlotte, North Carolina 28205

Contact Hillcrest Apartments

Hillcrest Apartments is low income property located in (East) Charlotte, NC. All 48 units are subsidized under the section 8 program through the US Department of HUD. We are conveniently located near Mary Oaks Elementary School, restaurants, shopping center and walking distance to the bus route. Our 2 bedrooms affordable units feature many amenities including On-Site Property Manager, and 24-hour Emergency Maintenance.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	-	Income Based

Eligibility for Hillcrest 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 Charlotte but actual income limits may differ for units at Hillcrest Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$20,950	$23,950	$26,950	$30,000
50%	$34,900	$39,900	$44,900	$49,850
80%	$55,850	$63,800	$71,800	$79,750

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 Charlotte but actual income limits may differ for units at Hillcrest Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$34,900	$39,900	$44,900	$49,850

Hillcrest Apartments Details

48 two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Playground
On-Site Manager
Laundry Room
24 Hour Maintenance
On Bus-line
Picnic Area

Unit Amenities

Cable Ready
Carpet
Private Entrance
Refrigerator
Blinds
Central Heat & Air
Large Closets

Nearby Amenities

Close to Shopping
Near Highway or Interstate

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.

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.