About This Property
Pine Ridge Lot 1 is a single-family unit in Elm City, NC that has served low-income families since 1990. The property contains one 3-bedroom unit and is financed through 9% Low-Income Housing Tax Credits. This property is managed as part of the affordable housing stock in Wilson County.
Property Details
Fair Market Rent - Wilson 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 | $645 |
| 1 Bedroom | $767 |
| 2 Bedroom | $952 |
| 3 Bedroom | $1,213 |
| 4 Bedroom | $1,327 |
Income Limits - Wilson County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,450
- Very Low (50%)
- $22,400
- Low (80%)
- $35,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,600
- Low (80%)
- $41,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,600
- Low (80%)
- $55,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,150
- Low (80%)
- $59,400
- Extremely Low (30%)
- $39,700
- Very Low (50%)
- $39,700
- Low (80%)
- $63,500
- Extremely Low (30%)
- $42,250
- Very Low (50%)
- $42,250
- Low (80%)
- $67,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,450 | $22,400 | $35,850 |
| 2 Persons | $17,420 | $25,600 | $41,000 |
| 3 Persons | $21,960 | $28,800 | $46,100 |
| 4 Persons | $26,500 | $32,000 | $51,200 |
| 5 Persons | $31,040 | $34,600 | $55,300 |
| 6 Persons | $35,580 | $37,150 | $59,400 |
| 7 Persons | $39,700 | $39,700 | $63,500 |
| 8 Persons | $42,250 | $42,250 | $67,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Elm City, NC?+
The Fair Market Rent (FMR) for Wilson County, NC is: $645 (Studio), $767 (1BR), $952 (2BR), $1213 (3BR), $1327 (4BR). Actual rent at subsidized properties like Pine Ridge Lot 1 is typically 30% of household income or less.
What size apartments are available at Pine Ridge Lot 1?+
Pine Ridge Lot 1 offers the following unit types: 1 Three-Bedroom units, for a total of 1 units.
What are the income limits for affordable housing in Wilson County, NC?+
For a 4-person household in Wilson County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,000, Low Income (80% AMI): $51,200. These limits are set by HUD and updated annually.
How do I apply for housing at Pine Ridge Lot 1?+
Pine Ridge Lot 1 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 Pine Ridge Lot 1?+
Pine Ridge Lot 1 is managed by . You can reach them at .
What is the price range for apartments in Elm City, NC?+
Based on Fair Market Rent for Wilson County, the estimated price range is: 3-bedroom: $1213. Actual rent at Pine Ridge Lot 1 may be lower for income-eligible households.
Who is eligible to live at Pine Ridge Lot 1?+
Pine Ridge Lot 1 primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
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