Colonial Oaks Apartments

400 W Academy St, Cherryville, North Carolina 28021

Eligibility for Colonial Oaks 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 Cherryville but actual income limits may differ for units at Colonial Oaks 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

Colonial Oaks Apartments Details

  • 30 bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
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.

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