About This Property
The Village consists of 48 low-income rental units in Locust, NC, serving families in Stanly County. The property was placed in service in 2010 and includes 10 one-bedroom, 24 two-bedroom, and 14 three-bedroom units. Funding sources include HOME and 9% LIHTC credits.
Property Details
Fair Market Rent - Stanly 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 | $627 |
| 1 Bedroom | $704 |
| 2 Bedroom | $925 |
| 3 Bedroom | $1,244 |
| 4 Bedroom | $1,552 |
Income Limits - Stanly County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,800
- Low (80%)
- $34,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,900
- Low (80%)
- $39,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,100
- Low (80%)
- $49,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $38,600
- Very Low (50%)
- $38,600
- Low (80%)
- $61,700
- Extremely Low (30%)
- $41,100
- Very Low (50%)
- $41,100
- Low (80%)
- $65,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,800 | $34,850 |
| 2 Persons | $17,420 | $24,900 | $39,800 |
| 3 Persons | $21,960 | $28,000 | $44,800 |
| 4 Persons | $26,500 | $31,100 | $49,750 |
| 5 Persons | $31,040 | $33,600 | $53,750 |
| 6 Persons | $35,580 | $36,100 | $57,750 |
| 7 Persons | $38,600 | $38,600 | $61,700 |
| 8 Persons | $41,100 | $41,100 | $65,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Locust, NC?+
The Fair Market Rent (FMR) for Stanly County, NC is: $627 (Studio), $704 (1BR), $925 (2BR), $1244 (3BR), $1552 (4BR). Actual rent at subsidized properties like The Village is typically 30% of household income or less.
What size apartments are available at The Village?+
The Village offers the following unit types: 10 One-Bedroom, 24 Two-Bedroom, 14 Three-Bedroom units, for a total of 48 units.
What is the price range for apartments in Locust, NC?+
Based on Fair Market Rent for Stanly County, the estimated price range is: 1-bedroom: $704, 2-bedroom: $925, 3-bedroom: $1244. Actual rent at The Village may be lower for income-eligible households.
What are the income limits for affordable housing in Stanly County, NC?+
For a 4-person household in Stanly County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,100, Low Income (80% AMI): $49,750. These limits are set by HUD and updated annually.
Who is eligible to live at The Village?+
The Village primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages The Village?+
The Village is managed by . You can reach them at .
How do I apply for housing at The Village?+
The Village is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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