About This Property
Hamilton Ridge comprises 24 low-income units in Oak City, NC, serving elderly, disabled, and homeless populations. The property features 20 one-bedroom and four two-bedroom units and has been in service since 2006. Financing includes HOME funds and 9% LIHTC credits.
Property Details
Fair Market Rent - Martin 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 | $683 |
| 1 Bedroom | $687 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,122 |
| 4 Bedroom | $1,140 |
Income Limits - Martin 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oak City, NC?+
The Fair Market Rent (FMR) for Martin County, NC is: $683 (Studio), $687 (1BR), $856 (2BR), $1122 (3BR), $1140 (4BR). Actual rent at subsidized properties like Hamilton Ridge is typically 30% of household income or less.
What size apartments are available at Hamilton Ridge?+
Hamilton Ridge offers the following unit types: 20 One-Bedroom, 4 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Martin County, NC?+
For a 4-person household in Martin 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.
Who manages Hamilton Ridge?+
Hamilton Ridge is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Hamilton Ridge?+
Hamilton Ridge primarily serves elderly residents, persons with disabilities, formerly homeless individuals. 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 Hamilton Ridge?+
Hamilton 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.
What is the price range for apartments in Oak City, NC?+
Based on Fair Market Rent for Martin County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $856. Actual rent at Hamilton Ridge may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
