Rolling Meadows

1960 Boone Street, Rocky Mount, North Carolina 27803

Contact Rolling Meadows

Rolling Meadows Apartments is situated on the south edge of the City of Rocky Mount. There are 13 buildings spread over 12 acres. Each hallway serves four apartments. The ownership of the complex changed hands in December 2006, and the apartments are undergoing a rehabilitation process. Rolling Meadows Apartments is a decent place to live for the elderly and low-income families. The new owners have a contract with HUD to make available affordable housing based on the family income.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	650	Income Based
Two Bedroom (2/1)	775	Income Based
Three Bedroom (3/1)	960	Income Based
Four Bedroom (4/1)	1057	Income Based

Eligibility for Rolling Meadows

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 Rocky Mount but actual income limits may differ for units at Rolling Meadows.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,900	$19,720	$24,860	$30,000	$35,140	$40,280	$43,900	$46,750
50%	$24,800	$28,350	$31,900	$35,400	$38,250	$41,100	$43,900	$46,750
80%	$39,700	$45,350	$51,000	$56,650	$61,200	$65,750	$70,250	$74,800

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 Rocky Mount but actual income limits may differ for units at Rolling Meadows.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$24,800	$28,350	$31,900	$35,400	$38,250	$41,100	$43,900	$46,750

Rolling Meadows Details

130 one, two, three and four bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Basketball Court
Community Room
Laundry Room
24hr Emergency Maintenance
Grilling Area
Beautiful Landscape

Unit Amenities

Carpet
Refrigerator
Water Included
Central Heat & Air
Energy Efficient Appliances
Custom Blinds
Wall-to-Wall Carpeting

Nearby Amenities

Close to Downtown District
Close to Public Transportation
Near Park

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.