About This Property
Forest Hills provides 40 low-income residential units in Burnsville, NC, serving elderly, disabled, and homeless populations. The property, which has been in service since 2006, includes 24 one-bedroom and 16 two-bedroom units and is funded through 9% Low-Income Housing Tax Credits. Management and leasing inquiries can be directed to the property contact.
Property Details
Fair Market Rent - Yancey 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 | $647 |
| 1 Bedroom | $651 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,136 |
| 4 Bedroom | $1,140 |
Income Limits - Yancey 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 Burnsville, NC?+
The Fair Market Rent (FMR) for Yancey County, NC is: $647 (Studio), $651 (1BR), $856 (2BR), $1136 (3BR), $1140 (4BR). Actual rent at subsidized properties like Forest Hills is typically 30% of household income or less.
What size apartments are available at Forest Hills?+
Forest Hills offers the following unit types: 24 One-Bedroom, 16 Two-Bedroom units, for a total of 40 units.
Who manages Forest Hills?+
Forest Hills is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Burnsville, NC?+
Based on Fair Market Rent for Yancey County, the estimated price range is: 1-bedroom: $651, 2-bedroom: $856. Actual rent at Forest Hills may be lower for income-eligible households.
How do I apply for housing at Forest Hills?+
Forest Hills 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 Yancey County, NC?+
For a 4-person household in Yancey 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.
Who is eligible to live at Forest Hills?+
Forest Hills primarily serves elderly residents, persons with disabilities, formerly homeless individuals. 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
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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