About This Property
Smith Creek Apartments comprises 80 low-income units in Bermuda Run, North Carolina, serving families with a mix of one-, two-, and three-bedroom floor plans. The property was placed in service in 2018 and utilizes 9% Low-Income Housing Tax Credits. The community offers 8 one-bedroom units, 48 two-bedroom units, and 24 three-bedroom units.
Property Details
Fair Market Rent - Davie 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 | $897 |
| 1 Bedroom | $936 |
| 2 Bedroom | $1,110 |
| 3 Bedroom | $1,452 |
| 4 Bedroom | $1,671 |
Income Limits - Davie County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,450
- Low (80%)
- $55,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,750
- Low (80%)
- $68,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,600 |
| 2 Persons | $17,420 | $27,600 | $44,100 |
| 3 Persons | $21,960 | $31,050 | $49,600 |
| 4 Persons | $26,500 | $34,450 | $55,100 |
| 5 Persons | $31,040 | $37,250 | $59,550 |
| 6 Persons | $35,580 | $40,000 | $63,950 |
| 7 Persons | $40,120 | $42,750 | $68,350 |
| 8 Persons | $44,660 | $45,500 | $72,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bermuda Run, NC?+
The Fair Market Rent (FMR) for Davie County, NC is: $897 (Studio), $936 (1BR), $1110 (2BR), $1452 (3BR), $1671 (4BR). Actual rent at subsidized properties like Smith Creek Apartments is typically 30% of household income or less.
What size apartments are available at Smith Creek Apartments?+
Smith Creek Apartments offers the following unit types: 8 One-Bedroom, 48 Two-Bedroom, 24 Three-Bedroom units, for a total of 80 units.
What is the price range for apartments in Bermuda Run, NC?+
Based on Fair Market Rent for Davie County, the estimated price range is: 1-bedroom: $936, 2-bedroom: $1110, 3-bedroom: $1452. Actual rent at Smith Creek Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Davie County, NC?+
For a 4-person household in Davie County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,450, Low Income (80% AMI): $55,100. These limits are set by HUD and updated annually.
Who is eligible to live at Smith Creek Apartments?+
Smith Creek Apartments 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 Smith Creek Apartments?+
Smith Creek Apartments 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 manages Smith Creek Apartments?+
Smith Creek Apartments is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
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