About This Property
Pine Terrace Apts comprises 40 low-income units in Mt. Airy, NC, with a mix of eight 1-bedroom and thirty-two 2-bedroom apartments. The property has been in service since 1990 and utilizes 9% Low-Income Housing Tax Credits to support affordability. Management and leasing inquiries can be directed to the property contact information.
Property Details
Fair Market Rent - Surry 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 | $672 |
| 1 Bedroom | $677 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,045 |
| 4 Bedroom | $1,368 |
Income Limits - Surry County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,850
- Low (80%)
- $34,950
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $39,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,100
- Low (80%)
- $44,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,200
- Low (80%)
- $49,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $41,200
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,850 | $34,950 |
| 2 Persons | $17,420 | $25,000 | $39,950 |
| 3 Persons | $21,960 | $28,100 | $44,950 |
| 4 Persons | $26,500 | $31,200 | $49,900 |
| 5 Persons | $31,040 | $33,700 | $53,900 |
| 6 Persons | $35,580 | $36,200 | $57,900 |
| 7 Persons | $38,700 | $38,700 | $61,900 |
| 8 Persons | $41,200 | $41,200 | $65,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mt Airy, NC?+
The Fair Market Rent (FMR) for Surry County, NC is: $672 (Studio), $677 (1BR), $856 (2BR), $1045 (3BR), $1368 (4BR). Actual rent at subsidized properties like Pine Terrace Apts is typically 30% of household income or less.
What size apartments are available at Pine Terrace Apts?+
Pine Terrace Apts offers the following unit types: 8 One-Bedroom, 32 Two-Bedroom units, for a total of 40 units.
Who manages Pine Terrace Apts?+
Pine Terrace Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Mt Airy, NC?+
Based on Fair Market Rent for Surry County, the estimated price range is: 1-bedroom: $677, 2-bedroom: $856. Actual rent at Pine Terrace Apts may be lower for income-eligible households.
How do I apply for housing at Pine Terrace Apts?+
Pine Terrace Apts 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 Surry County, NC?+
For a 4-person household in Surry County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,200, Low Income (80% AMI): $49,900. These limits are set by HUD and updated annually.
Contact Information
Location
Surry County, NC
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