About This Property
Lynnbank Homes comprises two 3-bedroom units in Kittrell, NC, designated as low-income housing and financed through 9% Low-Income Housing Tax Credits. The property has been in service since 1993.
Property Details
Fair Market Rent - Vance 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 | $707 |
| 1 Bedroom | $712 |
| 2 Bedroom | $909 |
| 3 Bedroom | $1,125 |
| 4 Bedroom | $1,319 |
Income Limits - Vance 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 Kittrell, NC?+
The Fair Market Rent (FMR) for Vance County, NC is: $707 (Studio), $712 (1BR), $909 (2BR), $1125 (3BR), $1319 (4BR). Actual rent at subsidized properties like Lynnbank Homes is typically 30% of household income or less.
What size apartments are available at Lynnbank Homes?+
Lynnbank Homes offers the following unit types: 2 Three-Bedroom units, for a total of 2 units.
How do I apply for housing at Lynnbank Homes?+
Lynnbank Homes 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.
Who manages Lynnbank Homes?+
Lynnbank Homes is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Kittrell, NC?+
Based on Fair Market Rent for Vance County, the estimated price range is: 3-bedroom: $1125. Actual rent at Lynnbank Homes may be lower for income-eligible households.
What are the income limits for affordable housing in Vance County, NC?+
For a 4-person household in Vance 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
Location
Vance County, NC
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