Cascade Garden Apartments

707 Cascade St, Mooresville, North Carolina 28115

Contact Cascade Garden Apartments

Cascade Gardens offers 1-bedroom and 2-bedroom floor plans for seniors ages 55 and up. Each unit includes a dishwasher, washer/dryer hook-up, storage, bathroom grab bars, and fully equipped kitchen. The community features an exercise room, computer room, community room, and on site maintenance.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	690	Call for Price
Two Bedroom (2/1)	910	Call for Price

Eligibility for Cascade Garden Apartments

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 Mooresville but actual income limits may differ for units at Cascade Garden Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$28,900	$33,000	$37,150	$41,250
Low Income (60%)	$34,680	$39,600	$44,580	$49,500

Cascade Garden Apartments Details

68 one and two bedroom units.
Water and Sewer utilities included in rent
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Community Room
Laundry Room
Emergency Pull Cord
On-Site Maintenance
24 Hour Maintenance

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Washer and Dryer Hookup
Water Trash and Sewer Included
Central Heat & Air
Cable & Internet Ready
Fully Equipped Kitchen

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.