Spring Valley Apartments

509 B East Commerce Ave., High Point, North Carolina 27260

Contact Spring Valley Apartments

Conveniently located 2 blocks from town. Easy access to transportaion and shopping. Close to playground. Rent and deposit dependent on income.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	471	Call for Price
Two Bedroom (2/1)	695	Call for Price
Three Bedroom (3/1)	837	Call for Price

Eligibility for Spring Valley 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 High Point but actual income limits may differ for units at Spring Valley 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 High Point but actual income limits may differ for units at Spring Valley 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
Low Income (60%)	$29,100	$33,240	$37,380	$41,520	$44,880	$48,180

Spring Valley Apartments Details

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

Property Amenities

Community Room
Laundry Room
Off-Street Parking

Unit Amenities

Air Conditioning
Cable Ready
Window Coverings
Carpet
Patio Deck Or Balcony

Nearby Amenities

Close to Downtown District
Near Hospital
Near Park
Near Schools

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.