About This Property
Lantern Lane Apts II offers 20 low-income units in Raeford, NC, with a unit mix of six one-bedroom and fourteen two-bedroom apartments. The property has been in service since 1988 and participates in the 9% Low-Income Housing Tax Credit program. This affordable housing community serves residents in Hoke County.
Property Details
Fair Market Rent - Hoke 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 | $793 |
| 1 Bedroom | $798 |
| 2 Bedroom | $1,049 |
| 3 Bedroom | $1,478 |
| 4 Bedroom | $1,780 |
Income Limits - Hoke 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Raeford, NC?+
The Fair Market Rent (FMR) for Hoke County, NC is: $793 (Studio), $798 (1BR), $1049 (2BR), $1478 (3BR), $1780 (4BR). Actual rent at subsidized properties like Lantern Lane Apts Ii is typically 30% of household income or less.
What size apartments are available at Lantern Lane Apts Ii?+
Lantern Lane Apts Ii offers the following unit types: 6 One-Bedroom, 14 Two-Bedroom units, for a total of 20 units.
Who manages Lantern Lane Apts Ii?+
Lantern Lane Apts Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lantern Lane Apts Ii?+
Lantern Lane Apts 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 is the price range for apartments in Raeford, NC?+
Based on Fair Market Rent for Hoke County, the estimated price range is: 1-bedroom: $798, 2-bedroom: $1049. Actual rent at Lantern Lane Apts Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Hoke County, NC?+
For a 4-person household in Hoke 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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