Sheraton Towers

400 N Main St, High Point, North Carolina 27260

Contact Sheraton Towers

Discover Sheraton Towers, the ideal community to live if you are 62 years or older. We are home to an active senior community providing high-quality housing for our residents. Built in 1920 as a luxury hotel that was visited by many dignitaries including John F. Kennedy, Sheraton Towers was converted into apartments in 1982 and completely renovated in 2011. Our community features updated residences with a mix of studio, one- and two-bedroom apartment homes in an historic building featuring Art Deco architectural details including wrought iron staircases and tiling. Enjoy our amenities including secure entry, community room and on-site laundry facilities. Sheraton Towers is located in downtown High Point in close proximity to shopping, dining and public transportation. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work.

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

Eligibility for Sheraton Towers

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 High Point but actual income limits may differ for units at Sheraton Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$14,580	$19,720	$24,860	$30,000
50%	$24,250	$27,700	$31,150	$34,600
80%	$38,750	$44,300	$49,850	$55,350

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 High Point but actual income limits may differ for units at Sheraton Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$24,250	$27,700	$31,150	$34,600
Low Income (60%)	$29,100	$33,240	$37,380	$41,520

Sheraton Towers Details

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

Property Amenities

Community Room
On-Site Parking
Secured Entry
Surveillance Cameras
Laundry Facilities

Unit Amenities

Refrigerator
Bathroom Grab Bars
Stove
Self-Cleaning Ovens
New Cabinets
Newly Remodeled Kitchens
Newly Remodeled Bathrooms

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.