About This Property
Gracen's Ridge is a 13-unit affordable housing community in Boiling Springs, NC that has been in service since 2008. The property contains thirteen one-bedroom units and serves elderly, disabled, and homeless residents through low-income housing tax credit financing. Management of the property provides housing options for individuals and households with limited resources.
Property Details
Fair Market Rent - Cleveland 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 | $652 |
| 1 Bedroom | $656 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,206 |
| 4 Bedroom | $1,349 |
Income Limits - Cleveland County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Boiling Springs, NC?+
The Fair Market Rent (FMR) for Cleveland County, NC is: $652 (Studio), $656 (1BR), $856 (2BR), $1206 (3BR), $1349 (4BR). Actual rent at subsidized properties like Gracen'S Ridge is typically 30% of household income or less.
What size apartments are available at Gracen'S Ridge?+
Gracen'S Ridge offers the following unit types: 13 One-Bedroom units, for a total of 13 units.
What are the income limits for affordable housing in Cleveland County, NC?+
For a 4-person household in Cleveland County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
How do I apply for housing at Gracen'S Ridge?+
Gracen'S Ridge 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.
Who is eligible to live at Gracen'S Ridge?+
Gracen'S Ridge primarily serves elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Gracen'S Ridge?+
Gracen'S Ridge is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Boiling Springs, NC?+
Based on Fair Market Rent for Cleveland County, the estimated price range is: 1-bedroom: $656. Actual rent at Gracen'S Ridge may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car