About This Property
Town Centre Apartments in Locust, NC offers 60 low-income units serving families, with 36 two-bedroom and 24 three-bedroom floor plans. The property was placed in service in 2017 and receives funding through HOME and 9% LIHTC credits. For more information, contact the property management office.
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 |
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 Town Centre Apartments is typically 30% of household income or less.
What size apartments are available at Town Centre Apartments?+
Town Centre Apartments offers the following unit types: 36 Two-Bedroom, 24 Three-Bedroom units, for a total of 60 units.
Who manages Town Centre Apartments?+
Town Centre Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Town Centre Apartments?+
Town Centre 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 Town Centre Apartments?+
Town Centre 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 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.
What is the price range for apartments in Locust, NC?+
Based on Fair Market Rent for Stanly County, the estimated price range is: 2-bedroom: $925, 3-bedroom: $1244. Actual rent at Town Centre Apartments may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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