Springwood Apartments

623 McBorn St, Henderson, North Carolina 27536

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Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	Income Based
3 Bedroom (3/1)	-	Income Based

Eligibility for Springwood 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 Henderson but actual income limits may differ for units at Springwood Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$14,580	$19,720	$24,860	$30,000	$35,140	$40,150
50%	$24,250	$27,700	$31,150	$34,600	$37,400	$40,150
80%	$38,750	$44,300	$49,850	$55,350	$59,800	$64,250

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 Henderson but actual income limits may differ for units at Springwood Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$24,250	$27,700	$31,150	$34,600	$37,400	$40,150

Springwood Apartments Details

50 two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)
Section 236

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 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.