About This Property
Colonial Ridge offers 80 low-income units in Mooresville, NC, consisting of 60 two-bedroom and 20 three-bedroom apartments. The property has served families, individuals with disabilities, and formerly homeless residents since 2005 and is financed through 9% Low-Income Housing Tax Credits. Current management and leasing information are available through the property contact.
Waitlist Information
Waitlist managed by Mooresville Housing Authority
The Mooresville Housing Authority is in a period of transition, including RAD conversion, and is setting the stage for aggressive growth to meet public housing needs.
The Section 8 Housing Choice Voucher waiting list is currently closed. Mooresville Housing Authority is not participating in the AffordableHousing.com Common Rental Assistance Application.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Iredell 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 | $1,046 |
| 1 Bedroom | $1,075 |
| 2 Bedroom | $1,207 |
| 3 Bedroom | $1,652 |
| 4 Bedroom | $2,048 |
Income Limits - Iredell County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,650
- Very Low (50%)
- $24,400
- Low (80%)
- $39,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,900
- Low (80%)
- $44,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,400
- Low (80%)
- $50,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,050
- Low (80%)
- $73,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,650 | $24,400 | $39,050 |
| 2 Persons | $17,420 | $27,900 | $44,600 |
| 3 Persons | $21,960 | $31,400 | $50,200 |
| 4 Persons | $26,500 | $34,850 | $55,750 |
| 5 Persons | $31,040 | $37,650 | $60,250 |
| 6 Persons | $35,580 | $40,450 | $64,700 |
| 7 Persons | $40,120 | $43,250 | $69,150 |
| 8 Persons | $44,660 | $46,050 | $73,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mooresville, NC?+
The Fair Market Rent (FMR) for Iredell County, NC is: $1046 (Studio), $1075 (1BR), $1207 (2BR), $1652 (3BR), $2048 (4BR). Actual rent at subsidized properties like Colonial Ridge is typically 30% of household income or less.
What size apartments are available at Colonial Ridge?+
Colonial Ridge offers the following unit types: 60 Two-Bedroom, 20 Three-Bedroom units, for a total of 80 units.
What is the price range for apartments in Mooresville, NC?+
Based on Fair Market Rent for Iredell County, the estimated price range is: 2-bedroom: $1207, 3-bedroom: $1652. Actual rent at Colonial Ridge may be lower for income-eligible households.
Who manages Colonial Ridge?+
Colonial Ridge is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Colonial Ridge?+
Public Housing waitlist is currently Closed. 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.
What are the income limits for affordable housing in Iredell County, NC?+
For a 4-person household in Iredell County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,850, Low Income (80% AMI): $55,750. These limits are set by HUD and updated annually.
How do I apply for housing at Colonial Ridge?+
Colonial 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 Colonial Ridge?+
Colonial Ridge primarily serves families, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Colonial Ridge
Piedmont Pointe
Mooresville, NC
144 Units
West End
Mooresville, NC
2 UnitsAntiquity Heights
Cornelius, NC
94 UnitsCascade Garden Apartments
Mooresville, NC
68 UnitsStonecreek Apts
Mooresville, NC
100 UnitsCurlin Commons
Mooresville, NC
40 Units