The Carolina Apartments is managed by Community Management Corporation.
The Carolina Apartments offer residents of King, NC and the surrounding area an apartment community designed to offer the best in apartment living. Consisting of one bedroom apartments, Carolina Apartments provides affordable housing for the elderly, 62 and older or the handicapped or disabled regardless of age. Set in a beautiful residential atmosphere, with a professional on-site management and maintenance staff.
Call us today - we are ready to welcome you to your new apartment home.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
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 King but actual income limits may differ for units at The Carolina Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $28,550 | $32,600 | $36,700 | $40,750 | $44,050 | $47,300 | $50,550 | $53,800 |
Low Income (60%) | $34,260 | $39,120 | $44,040 | $48,900 | $52,860 | $56,760 | $60,660 | $64,560 |
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.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.