400 West Sunset St , Ahoskie, NC 27910
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2018 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 Bath | - |
Since this property is a USDA 515 and LIHTC property that might have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
Eligibility for Admission/Rental Assistance/Waiting List
Elderly Housing: The Rural Development 515 Program requirements limit occupancy of this property to elderly individuals or families where the tenant or co-tenant is at least 62 years or to non-elderly individuals or families where the tenant or CO-tenant is handicapped or disabled.
Income Limitation: To be eligible for occupancy, the family's adjusted annual income may not exceed the maximum moderate-income limit as defined by USDA - Rural Development.
Units Designed for Mobility-Impaired: This property contains some apartments which were specifically designed to accommodate persons requiring wheelchair accessibility and use. Individuals or families whose head of household or spouse/CO-tenant has a mobility impairment requiring such special design features are eligible to occupy accessible units in this property.
Unit Assignment: 1. Elderly (62 or older) or non-elderly handicapped/disabled for non-accessible units;
2. Persons at least 18 years of age with mobility impairments requiring wheelchair accessibility for accessible units.
NOTE: If no person with mobility impairments (either existing tenant or applicant on waiting list) requires such unit, such unit may be assigned to an individual without a mobility impairment as long as this person agrees to sign a waiver to transfer when such accessible unit becomes needed.
Rural Development Rental Assistance: All residents eligible for assistance are required to pay no more than 30% of their annual adjusted income or 10% of their gross annual income, whichever is greater, for rent and utilities.
Waiting List: Applicant(s) determined eligible for occupancy will be placed on a waiting list in chronological order by the date and time the completed application is received. Eligible applicants will be selected on a first-come, first-served basis with priority given according to income level (1. very low, 2. low, 3. moderate).
Security Deposit: A security deposit in the amount of $250 will be due when a unit becomes available and is accepted by a resident.
Student Eligibility: In addition to meeting all other screening criteria, a student attending an institution of higher learning must meet at least one of the following definitions to be eligible for assistance:
Because Academy Hill Apartments participates in the USDA Section 515 Rural Rental Housing program, this property is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). However, this property also participates in the LIHTC program, so most or all units in the property are likely limited to persons earning 60% of AMI. Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. Some Section 521 properties do not offer rent subsidies to all of the units, so it is possible a person earning 50% or less of the AMI is placed on a subsidy waiting list, They would have to pay the full rent until their name comes up on the list. Since this property has benefited from the LIHTC program, it is likely to be in better condition and offer more amenities than other Section 515 properties. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you. Since this property participates in the LIHTC and RD 515 programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1) | - | Call for Price† |
| 4 Bedroom (4/1) | - | 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 | $24,250 / year | $27,700 / year | $31,150 / year | $34,600 / year | $37,400 / year | $40,150 / year | $42,950 / year | $45,700 / year |
| 50% AMI for PBRA Units | $24,250 / year | $27,700 / year | $31,150 / year | $34,600 / year | $37,400 / year | $40,150 / year | $42,950 / year | $45,700 / year |
| 60% AMI for LIHTC Units | $29,100 / year | $33,240 / year | $37,380 / year | $41,520 / year | $44,880 / year | $48,180 / year | $51,540 / year | $54,840 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Academy Hill Apartments have a waiting list?
Academy Hill 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 Academy Hill 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 Academy Hill Apartments?
Academy Hill Apartments is managed by Community Management Corporation headquartered in Winston-Salem, North Carolina.
In addition to Academy Hill Apartments, how many other affordable housing properties (and units) are there in Ahoskie?
In addition to Academy Hill Apartments, we list 8 other affordable properties in Ahoskie. Learn about these properties here. Our data research shows that there are a total of 331 affordable units in Ahoskie.
712 Dr Martin Luther King Jr Dr N, Ahoskie, North Carolina 27910
105 Academy St N, Ahoskie, North Carolina 27910
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