Givens Gerber Park I

40 Gerber Road, Asheville, North Carolina 28803

Reimagine senior living at Givens Gerber Park, a vibrant, affordable community located in convenient South Asheville. The community will offer one and two bedroom rental apartments to seniors 55 and older. Amenities will include a café, fitness center, elevators, library/computer room, medical clinic, community rooms, beauty shop and screened porch. Residents will enjoy activities and services designed to help them remain healthy, engaged, and active. Rent will be determined by the household's income with broader income ranges than typically found in traditional affordable housing.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 689-733 Income Based
2 Bedroom (2/1) - Income Based

Givens Gerber Park I Details

  • 120 one and two bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Fitness Center
  • Library
  • Community Garden
  • Computer Room

Unit Amenities

  • Storage

Nearby Amenities

  • Close to Grocery Stores

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Asheville HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Asheville but actual income limits may differ for units at Givens Gerber Park I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,800 $18,050 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $26,300 $30,050 $33,800 $37,550 $40,600 $43,600 $46,600 $49,600

Asheville Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Asheville but actual income limits may differ for units at Givens Gerber Park I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,300 $30,050 $33,800 $37,550 $40,600 $43,600 $46,600 $49,600
Low Income (60%) $31,560 $36,060 $40,560 $45,060 $48,720 $52,320 $55,920 $59,520

Givens Gerber Park I is managed by Community Housing Partners.

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