Franklin Court Apartments

310 Second St, Louisburg, North Carolina 27549

Contact Franklin Court Apartments

Franklin Court Apartments are an affordable community offering one, two, three, and four bedroom units. For more information, please visit their leasing office.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	From $591 To $1,123
2 Bedroom (2/1)	-	From $591 To $1,123
3 Bedroom (3/1)	-	From $591 To $1,123
4 Bedroom (4/1)	-	From $591 To $1,123

Eligibility for Franklin Court 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 Louisburg but actual income limits may differ for units at Franklin Court Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$23,800	$27,200	$30,600	$34,000	$36,750	$40,280	$45,420	$50,560
50%	$39,700	$45,350	$51,000	$56,650	$61,200	$65,750	$70,250	$74,800
80%	$63,500	$72,550	$81,600	$90,650	$97,950	$105,200	$112,450	$119,700

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 Louisburg but actual income limits may differ for units at Franklin Court Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$39,700	$45,350	$51,000	$56,650	$61,200	$65,750	$70,250	$74,800

Franklin Court Apartments Details

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

Property Amenities

Wheel Chair Accessible

Unit Amenities

Air Conditioning
Washer and Dryer Hookup
Trash Included
Water Included
Mini Blinds & Curtain Rods

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.