The Hedges Apartments
500 N Ryals Street Apt4-B, Benson, North Carolina 27504
The Hedges Apartments is an affordable apartment community in Benson, NC. Please call our site manager for more information.
Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 723 | $493 |
| Two Bedroom (2/1) | 846 | $512 |
| Three Bedroom (3/1) | 970 | $522 |
The Hedges Apartments Details
- 50 one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 521 USDA Rental Assistance
Property Amenities
- Playground
- Community Room
- 24hr Emergency Maintenance
- Off-Street Parking
Unit Amenities
- Central Air
- Cable Ready
- Window Coverings
- Refrigerator
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.
Section 521 USDA Rental Assistance
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
Benson 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 Benson but actual income limits may differ for units at The Hedges Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $14,800 | $18,310 | $23,030 | $27,750 | $32,470 | $37,190 | $41,910 | $46,500 |
| 50% | $24,650 | $28,200 | $31,700 | $35,200 | $38,050 | $40,850 | $43,650 | $46,500 |
| 80% | $39,450 | $45,050 | $50,700 | $56,300 | $60,850 | $65,350 | $69,850 | $74,350 |
Benson 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 Benson but actual income limits may differ for units at The Hedges Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $24,650 | $28,200 | $31,700 | $35,200 | $38,050 | $40,850 | $43,650 | $46,500 |
| Low Income (60%) | $29,580 | $33,840 | $38,040 | $42,240 | $45,660 | $49,020 | $52,380 | $55,800 |
The Hedges Apartments is managed by Partnership Property Management.
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