About This Property
Emerald Forest Apartments comprises 48 low-income units in Biscoe, NC, with a mix of 28 two-bedroom, 16 three-bedroom, and 4 four-bedroom floor plans that serve families. The property has been in service since 2014 and utilizes 9% Low-Income Housing Tax Credits (LIHTC) financing. The community is managed to provide affordable rental housing options in Montgomery County.
Property Details
Fair Market Rent - Montgomery 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 | $691 |
| 1 Bedroom | $695 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,089 |
| 4 Bedroom | $1,439 |
Income Limits - Montgomery 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 Biscoe, NC?+
The Fair Market Rent (FMR) for Montgomery County, NC is: $691 (Studio), $695 (1BR), $856 (2BR), $1089 (3BR), $1439 (4BR). Actual rent at subsidized properties like Emerald Forest Apartments is typically 30% of household income or less.
What size apartments are available at Emerald Forest Apartments?+
Emerald Forest Apartments offers the following unit types: 28 Two-Bedroom, 16 Three-Bedroom, 4 Four-Bedroom units, for a total of 48 units.
Who is eligible to live at Emerald Forest Apartments?+
Emerald Forest Apartments primarily serves families. 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 Emerald Forest Apartments?+
Emerald Forest Apartments 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 Biscoe, NC?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 2-bedroom: $856, 3-bedroom: $1089. Actual rent at Emerald Forest Apartments may be lower for income-eligible households.
Who manages Emerald Forest Apartments?+
Emerald Forest Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Montgomery County, NC?+
For a 4-person household in Montgomery 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
