About This Property
Milstead Woods comprises 40 low-income rental units in Taylorsville, NC, serving families through a mix of one-, two-, and three-bedroom apartments. The property was placed in service in 2012 and utilizes 9% Low-Income Housing Tax Credits along with HOME funding to maintain affordability. The development is managed by a professional property management company and offers 8 one-bedroom, 24 two-bedroom, and 8 three-bedroom units.
Property Details
Fair Market Rent - Alexander County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $806 |
| 1 Bedroom | $834 |
| 2 Bedroom | $1,014 |
| 3 Bedroom | $1,314 |
| 4 Bedroom | $1,506 |
Income Limits - Alexander County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,150
- Low (80%)
- $33,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,600
- Low (80%)
- $52,150
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $56,000
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $39,800
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,150 | $33,800 |
| 2 Persons | $17,420 | $24,150 | $38,600 |
| 3 Persons | $21,960 | $27,150 | $43,450 |
| 4 Persons | $26,500 | $30,150 | $48,250 |
| 5 Persons | $31,040 | $32,600 | $52,150 |
| 6 Persons | $35,000 | $35,000 | $56,000 |
| 7 Persons | $37,400 | $37,400 | $59,850 |
| 8 Persons | $39,800 | $39,800 | $63,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Taylorsville, NC?+
The Fair Market Rent (FMR) for Alexander County, NC is: $806 (Studio), $834 (1BR), $1014 (2BR), $1314 (3BR), $1506 (4BR). Actual rent at subsidized properties like Milstead Woods is typically 30% of household income or less.
What size apartments are available at Milstead Woods?+
Milstead Woods offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Alexander County, NC?+
For a 4-person household in Alexander County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,150, Low Income (80% AMI): $48,250. These limits are set by HUD and updated annually.
What is the price range for apartments in Taylorsville, NC?+
Based on Fair Market Rent for Alexander County, the estimated price range is: 1-bedroom: $834, 2-bedroom: $1014, 3-bedroom: $1314. Actual rent at Milstead Woods may be lower for income-eligible households.
Who manages Milstead Woods?+
Milstead Woods is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Milstead Woods?+
Milstead Woods primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Milstead Woods?+
Milstead Woods is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
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Nearby Schools
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