450 Cabarrus Arms Dr, Kannapolis, NC 28081
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Stephanie Halsey, Connor Bailey, PK Management LLC| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 1.5 Bath | 660 - 1,000 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Cabarrus Arms Apartments is an affordable community. They offer 1, 2, 3, and 4 bedroom floor plans. Contact the property for current availability. Rent is based on income. Waitlist placement and income limit restrictions may apply. No Pets. Amenities and features: appliances included, laundry facility, off-street parking, playground, and more! Applicants should bring the following documentation: original birth certificate(s), original social security card(s), current government issued photo I.D.(s) for anyone 18 years of age or older, proof of income/pay stubs. Equal Housing Opportunity.
Since Cabarrus Arms Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 660ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | 800ft2 | Rent is Based On Your Income† |
| 3 Bedroom (3/1) | 950ft2 | Rent is Based On Your Income† |
| 4 Bedroom (4/1.5) | 1000ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,950 / year | $23,950 / year | $26,950 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 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 |
| 80% AMI for PBRA Units | $55,850 / year | $63,800 / year | $71,800 / year | $79,750 / year | $86,150 / year | $92,550 / year | $98,900 / year | $105,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cabarrus Arms Apartments have a waiting list?
Cabarrus Arms Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Cabarrus Arms Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Cabarrus Arms Apartments?
Cabarrus Arms Apartments is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to Cabarrus Arms Apartments, how many other affordable housing properties (and units) are there in Kannapolis?
In addition to Cabarrus Arms Apartments, we list 10 other affordable properties in Kannapolis. Learn about these properties here. Our data research shows that there are a total of 770 affordable units in Kannapolis.
When was the Cabarrus Arms Apartments listing last updated?
Cabarrus Arms Apartments listing on Affordable Housing Online was last updated on 12/07/2023 by Stephanie Halsey. Remember, a property's status can change so you should contact the property to confirm.
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