About This Property
Soco Creek Village comprises 60 low-income units in Cherokee, NC, serving families with a unit mix of 40 two-bedroom, 18 three-bedroom, and 2 four-bedroom homes. The property has been in service since 2011 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. Units are available for families meeting income eligibility requirements.
Property Details
Fair Market Rent - Jackson 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 | $776 |
| 1 Bedroom | $797 |
| 2 Bedroom | $895 |
| 3 Bedroom | $1,187 |
| 4 Bedroom | $1,192 |
Income Limits - Jackson County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,950
- Very Low (50%)
- $21,550
- Low (80%)
- $34,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,600
- Low (80%)
- $39,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,750
- Low (80%)
- $49,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,250
- Low (80%)
- $53,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,700
- Low (80%)
- $57,100
- Extremely Low (30%)
- $38,150
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $40,600
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,950 | $21,550 | $34,450 |
| 2 Persons | $17,420 | $24,600 | $39,400 |
| 3 Persons | $21,960 | $27,700 | $44,300 |
| 4 Persons | $26,500 | $30,750 | $49,200 |
| 5 Persons | $31,040 | $33,250 | $53,150 |
| 6 Persons | $35,580 | $35,700 | $57,100 |
| 7 Persons | $38,150 | $38,150 | $61,050 |
| 8 Persons | $40,600 | $40,600 | $64,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cherokee, NC?+
The Fair Market Rent (FMR) for Jackson County, NC is: $776 (Studio), $797 (1BR), $895 (2BR), $1187 (3BR), $1192 (4BR). Actual rent at subsidized properties like Soco Creek Village is typically 30% of household income or less.
What size apartments are available at Soco Creek Village?+
Soco Creek Village offers the following unit types: 40 Two-Bedroom, 18 Three-Bedroom, 2 Four-Bedroom units, for a total of 60 units.
What are the income limits for affordable housing in Jackson County, NC?+
For a 4-person household in Jackson County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,750, Low Income (80% AMI): $49,200. These limits are set by HUD and updated annually.
How do I apply for housing at Soco Creek Village?+
Soco Creek Village 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 Soco Creek Village?+
Soco Creek Village primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Cherokee, NC?+
Based on Fair Market Rent for Jackson County, the estimated price range is: 2-bedroom: $895, 3-bedroom: $1187. Actual rent at Soco Creek Village may be lower for income-eligible households.
Who manages Soco Creek Village?+
Soco Creek Village is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car