About This Property
Park Place Apts Phase II offers 50 low-income housing units in Knightdale, NC, consisting of 30 two-bedroom and 20 three-bedroom apartments designed to serve families. The property has been in service since 1999 and receives 9% Low-Income Housing Tax Credit funding. Units are available for income-qualified households.
Property Details
Fair Market Rent - Wake 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 | $1,427 |
| 1 Bedroom | $1,466 |
| 2 Bedroom | $1,646 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,711 |
Income Limits - Wake County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,100
- Low (80%)
- $68,900
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,850
- Low (80%)
- $76,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,550
- Low (80%)
- $88,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,350
- Low (80%)
- $94,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,200
- Low (80%)
- $101,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,600 |
| 2 Persons | $23,000 | $38,300 | $61,250 |
| 3 Persons | $25,850 | $43,100 | $68,900 |
| 4 Persons | $28,700 | $47,850 | $76,550 |
| 5 Persons | $31,040 | $51,700 | $82,700 |
| 6 Persons | $35,580 | $55,550 | $88,800 |
| 7 Persons | $40,120 | $59,350 | $94,950 |
| 8 Persons | $44,660 | $63,200 | $101,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Knightdale, NC?+
The Fair Market Rent (FMR) for Wake County, NC is: $1427 (Studio), $1466 (1BR), $1646 (2BR), $2035 (3BR), $2711 (4BR). Actual rent at subsidized properties like Park Place Apts Phase Ii is typically 30% of household income or less.
What size apartments are available at Park Place Apts Phase Ii?+
Park Place Apts Phase Ii offers the following unit types: 30 Two-Bedroom, 20 Three-Bedroom units, for a total of 50 units.
What is the price range for apartments in Knightdale, NC?+
Based on Fair Market Rent for Wake County, the estimated price range is: 2-bedroom: $1646, 3-bedroom: $2035. Actual rent at Park Place Apts Phase Ii may be lower for income-eligible households.
How do I apply for housing at Park Place Apts Phase Ii?+
Park Place Apts Phase Ii 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.
Who manages Park Place Apts Phase Ii?+
Park Place Apts Phase Ii is managed by . You can reach them at .
What are the income limits for affordable housing in Wake County, NC?+
For a 4-person household in Wake County, NC, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,850, Low Income (80% AMI): $76,550. These limits are set by HUD and updated annually.
Who is eligible to live at Park Place Apts Phase Ii?+
Park Place Apts Phase Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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