Perry Place

742 S. Merritt Mill Rd., Carrboro, NC 27510

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Accessible Units
check_circle  Persons With Disabilities
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

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.

Perry Place is an affordable apartment community offering one and two bedroom units with a portion of the units allocated for residents with disabilities.

Dave's Thoughts On Perry Place

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 Perry Place 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.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Perry Place Amenities

  • Playground
  • Computer Lab
  • Community Room
  • Balconies or Patios Available
  • Accessible Apartments
  • Picnic Area

Units at Perry Place

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Rent is Based On Your Income
Two Bedroom (2/1) - Rent is Based On Your Income

Income Qualification for Perry Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $35,400 / year $40,450 / year $45,500 / year $50,550 / year
50% AMI for PBRA Units $35,400 / year $40,450 / year $45,500 / year $50,550 / year
60% AMI for LIHTC Units $42,480 / year $48,540 / year $54,600 / year $60,660 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Perry Place

Does Perry Place have a waiting list?

Perry Place 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 Perry Place?

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 Perry Place?

Perry Place is managed by Norco Management Holding INC headquartered in Wilmington, nc.

In addition to Perry Place, how many other affordable housing properties (and units) are there in Carrboro?

In addition to Perry Place, we list 29 other affordable properties in Carrboro. Learn about these properties here. Our data research shows that there are a total of 267 affordable units in Carrboro.

When was the Perry Place listing last updated?

Perry Place listing on Affordable Housing Online was last updated on 04/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Perry Place

Orange Community Residence

1700 N Greensboro St, Carrboro, North Carolina 27510

accessibility Accessible

Ashbrook Apartments

601 Jones Ferry Rd, Carrboro, North Carolina 27510

bed 1
payment $1221/mo.

Carolina - Students save up to 10%!

401 Hwy 54 Byp, Carrboro, North Carolina 27510

bed 2
payment $1395/mo.

Collins Crossing

501 Jones Ferry Rd, Carrboro, North Carolina 27510

bed 2-3
payment $1285-1700/mo.

Berkshire 54

112 Hwy 54 Bypass, Carrboro, North Carolina 27510

bed 1-2
payment $1236-1256/mo.

River View

201 Westbrook Dr, Carrboro, North Carolina 27510

bed 1-2
payment $1295-1495/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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