About This Property
Jackson Terrace comprises 16 low-income units in Carthage, NC, serving elderly residents with a mix of twelve 1-bedroom and four 2-bedroom apartments. The property was placed in service in 1997 and utilizes 9% Low-Income Housing Tax Credits and HOME funding. The community is managed locally to provide affordable housing options for qualifying tenants.
Property Details
Fair Market Rent - Moore 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 | $863 |
| 1 Bedroom | $886 |
| 2 Bedroom | $995 |
| 3 Bedroom | $1,402 |
| 4 Bedroom | $1,689 |
Income Limits - Moore County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,100
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $18,400
- Very Low (50%)
- $30,600
- Low (80%)
- $49,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,450
- Low (80%)
- $55,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,350
- Low (80%)
- $66,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,400
- Low (80%)
- $71,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,450
- Low (80%)
- $75,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,500
- Low (80%)
- $80,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,100 | $26,800 | $42,850 |
| 2 Persons | $18,400 | $30,600 | $49,000 |
| 3 Persons | $21,960 | $34,450 | $55,100 |
| 4 Persons | $26,500 | $38,250 | $61,200 |
| 5 Persons | $31,040 | $41,350 | $66,100 |
| 6 Persons | $35,580 | $44,400 | $71,000 |
| 7 Persons | $40,120 | $47,450 | $75,900 |
| 8 Persons | $44,660 | $50,500 | $80,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carthage, NC?+
The Fair Market Rent (FMR) for Moore County, NC is: $863 (Studio), $886 (1BR), $995 (2BR), $1402 (3BR), $1689 (4BR). Actual rent at subsidized properties like Jackson Terrace is typically 30% of household income or less.
What size apartments are available at Jackson Terrace?+
Jackson Terrace offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
Who manages Jackson Terrace?+
Jackson Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Jackson Terrace?+
Jackson Terrace 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 Moore County, NC?+
For a 4-person household in Moore County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,250, Low Income (80% AMI): $61,200. These limits are set by HUD and updated annually.
What is the price range for apartments in Carthage, NC?+
Based on Fair Market Rent for Moore County, the estimated price range is: 1-bedroom: $886, 2-bedroom: $995. Actual rent at Jackson Terrace may be lower for income-eligible households.
How do I apply for housing at Jackson Terrace?+
Jackson Terrace 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.
Contact Information
Walk Score
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Nearby Schools
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