About This Property
Parktowne Terrace II offers 163 low-income units in Charlotte, North Carolina, serving elderly residents. The property contains 131 studio apartments and 32 one-bedroom units. The community has been in service since 2013 and is managed on-site.
Waitlist Information
Waitlist managed by Inlivian
Applicants must apply separately for each community and meet eligibility based on employment, income, and background checks. Affordable Housing waitlists for specific senior and family sites opened on January 12, 2026, and may have filled quickly.
Vouchers are limited to extremely low to low-income families. Eligibility is determined by annual gross income, criminal background check, eligible immigration status, and previous behavior in other assisted housing. A mandatory work requirement of 20 hours per week is in effect for non-elderly/non-disabled households.
Waitlist data provided by section8waitlist.org
Updated May 29, 2026
Property Details
Fair Market Rent - Mecklenburg 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 | $1,347 |
| 1 Bedroom | $1,384 |
| 2 Bedroom | $1,554 |
| 3 Bedroom | $1,936 |
| 4 Bedroom | $2,481 |
Income Limits - Mecklenburg County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,500
- Low (80%)
- $47,150
- Extremely Low (30%)
- $20,200
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $22,750
- Very Low (50%)
- $37,900
- Low (80%)
- $60,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,850
- Low (80%)
- $78,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,250
- Low (80%)
- $83,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,600
- Low (80%)
- $88,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,700 | $29,500 | $47,150 |
| 2 Persons | $20,200 | $33,700 | $53,900 |
| 3 Persons | $22,750 | $37,900 | $60,650 |
| 4 Persons | $26,500 | $42,100 | $67,350 |
| 5 Persons | $31,040 | $45,500 | $72,750 |
| 6 Persons | $35,580 | $48,850 | $78,150 |
| 7 Persons | $40,120 | $52,250 | $83,550 |
| 8 Persons | $44,660 | $55,600 | $88,950 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Charlotte, NC?+
The Fair Market Rent (FMR) for Mecklenburg County, NC is: $1347 (Studio), $1384 (1BR), $1554 (2BR), $1936 (3BR), $2481 (4BR). Actual rent at subsidized properties like Parktowne Terrace Ii is typically 30% of household income or less.
What size apartments are available at Parktowne Terrace Ii?+
Parktowne Terrace Ii offers the following unit types: 131 Studio, 32 One-Bedroom units, for a total of 163 units.
Is there a waitlist for Parktowne Terrace Ii?+
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.
Who manages Parktowne Terrace Ii?+
Parktowne Terrace Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Parktowne Terrace Ii?+
Parktowne Terrace 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 Charlotte, NC?+
Based on Fair Market Rent for Mecklenburg County, the estimated price range is: 1-bedroom: $1384. Actual rent at Parktowne Terrace Ii may be lower for income-eligible households.
Who is eligible to live at Parktowne Terrace Ii?+
Parktowne Terrace Ii primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Mecklenburg County, NC?+
For a 4-person household in Mecklenburg County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,100, Low Income (80% AMI): $67,350. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Parktowne Terrace Ii
Cherry Gardens
Charlotte, NC
42 UnitsPark and Marsh Senior Apartments
Charlotte, NC
92 UnitsBaxter Street Apartments
Charlotte, NC
30 UnitsOak Park At Nations Ford Apartments
Charlotte, NC
202 UnitsArrowood Villas
Charlotte, NC
120 UnitsSpringcroft
Charlotte, NC
50 Units