About This Property
Park Terrace Apartments Phase II offers 92 low-income units in High Point, NC, consisting of 13 one-bedroom, 33 two-bedroom, and 46 three-bedroom apartments designed to serve families. The property has been in service since 2011 and is financed through 9% Low-Income Housing Tax Credits. This affordable housing community provides rental options for income-qualified households in Guilford County.
Waitlist Information
Waitlist managed by Housing Authority of the City of High Point
The general Public Housing waiting list is open; however, the 1-bedroom waiting list is currently closed. Applications are accepted in-person on Wednesdays from 9:00 am to 12:00 noon and 1:00 pm to 4:00 pm; for elderly and disabled applicants, applications are accepted Monday-Thursday during those same hours. HPHA conducts extensive screening including criminal records, sex offender registration, credit history, and landlord references.
The Section 8 Housing Choice Voucher waiting list is currently closed, and there is no notice when it will reopen. When last open, preferences included living, working, or attending school in High Point, Veterans, Working/Employed, Displaced by Natural Disaster, and Displaced by Government Action.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Guilford 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 | $1,011 |
| 1 Bedroom | $1,042 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,493 |
| 4 Bedroom | $1,680 |
Income Limits - Guilford County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,000
- Very Low (50%)
- $23,350
- Low (80%)
- $37,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,050
- Low (80%)
- $48,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,350
- Low (80%)
- $53,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,050
- Low (80%)
- $57,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,400
- Low (80%)
- $66,200
- Extremely Low (30%)
- $44,050
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,000 | $23,350 | $37,350 |
| 2 Persons | $17,420 | $26,700 | $42,700 |
| 3 Persons | $21,960 | $30,050 | $48,050 |
| 4 Persons | $26,500 | $33,350 | $53,350 |
| 5 Persons | $31,040 | $36,050 | $57,650 |
| 6 Persons | $35,580 | $38,700 | $61,900 |
| 7 Persons | $40,120 | $41,400 | $66,200 |
| 8 Persons | $44,050 | $44,050 | $70,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in High Point, NC?+
The Fair Market Rent (FMR) for Guilford County, NC is: $1011 (Studio), $1042 (1BR), $1170 (2BR), $1493 (3BR), $1680 (4BR). Actual rent at subsidized properties like Park Terrace Apartments Phase Ii is typically 30% of household income or less.
What size apartments are available at Park Terrace Apartments Phase Ii?+
Park Terrace Apartments Phase Ii offers the following unit types: 13 One-Bedroom, 33 Two-Bedroom, 46 Three-Bedroom units, for a total of 92 units.
Who is eligible to live at Park Terrace Apartments Phase Ii?+
Park Terrace Apartments Phase Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Park Terrace Apartments Phase Ii?+
Park Terrace Apartments Phase Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Park Terrace Apartments Phase Ii?+
Park Terrace Apartments Phase Ii 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.
What are the income limits for affordable housing in Guilford County, NC?+
For a 4-person household in Guilford County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,350, Low Income (80% AMI): $53,350. These limits are set by HUD and updated annually.
What is the price range for apartments in High Point, NC?+
Based on Fair Market Rent for Guilford County, the estimated price range is: 1-bedroom: $1042, 2-bedroom: $1170, 3-bedroom: $1493. Actual rent at Park Terrace Apartments Phase Ii may be lower for income-eligible households.
Is there a waitlist for Park Terrace Apartments Phase Ii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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