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
Waitlists for various affordable housing communities, including senior and family sites, opened on January 12, 2026, and are open until further notice. Preferences include veterans, elderly, disabled, working families, or local residents; eligibility is based on income, criminal, credit, and rental history checks.
The tenant-based Housing Choice Voucher (Section 8) waiting list is currently closed to new applicants with over 6,000 households on the list. Eligibility is based on annual gross income, criminal background, eligible immigration status, and previous behavior in assisted housing; a mandatory 20-hour per week work requirement applies to non-elderly/non-disabled households. Existing applicants can update their information via the Applicant Portal or by mail to P.O. Box 36795, Charlotte, NC 28236.
Waitlist data provided by section8waitlist.org
Updated August 18, 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 |
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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.
Who manages Parktowne Terrace Ii?+
Parktowne Terrace Ii is managed by . You can reach them at . Visit their website for more information.
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.
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 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.
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.
Is there a waitlist for Parktowne Terrace Ii?+
Public Housing waitlist is currently Open. 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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