3699 Patriots Place Dr, Concord, NC 28025
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 4 Beds | 2 Baths | 947 - 1,375 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The fine art of affordable living describes the lifestyle and unique features which can be yours at Patriot's Pointe in Concord, NC. Rewind and relax in one of the spacious 2-, 3-, or 4-bedroom apartment homes that were designed with your convenience and comfort in mind. Come home and rejuvenate yourself at the pool or relax in the clubhouse. There's even a play area for the kids. Patriot's Pointe is ideally located 30 minutes outside of Charlotte as well as minutes from the campus of the University of North Carolina in Charlotte. This community is near major employers like CMC-Northeast hospital, Concord Mills, Lowe's Motor Speedway and multiple dining facilities. Surround yourself with the best and discover the art of fine living!
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Patriots Pointe at Colonial Hills does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | 947ft2 | Call for Price† |
| Three Bedroom (3/2) | 1262ft2 | Call for Price† |
| Four Bedroom (4/2) | 1375ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year | $53,850 / year | $57,850 / year | $61,850 / year | $65,850 / year |
| 50% AMI for PBRA Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year | $53,850 / year | $57,850 / year | $61,850 / year | $65,850 / year |
| 60% AMI for LIHTC Units | $41,880 / year | $47,880 / year | $53,880 / year | $59,820 / year | $64,620 / year | $69,420 / year | $74,220 / year | $79,020 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Patriots Pointe at Colonial Hills have a waiting list?
Patriots Pointe at Colonial Hills probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Patriots Pointe at Colonial Hills?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Patriots Pointe at Colonial Hills?
Patriots Pointe at Colonial Hills is managed by Highmark Residential headquartered in Dallas, TX.
In addition to Patriots Pointe at Colonial Hills, how many other affordable housing properties (and units) are there in Concord?
In addition to Patriots Pointe at Colonial Hills, we list 16 other affordable properties in Concord. Learn about these properties here. Our data research shows that there are a total of 1158 affordable units in Concord.
When was the Patriots Pointe at Colonial Hills listing last updated?
Patriots Pointe at Colonial Hills listing on Affordable Housing Online was last updated on 05/13/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Cha'Von Shawntaye Nichole says:
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