Fairmarket Plaza Apartments

6427 Plaza Rd, Charlotte, North Carolina 28215

Are you 62 years of age or older or a disabled person, looking for a beautiful community to call home? Welcome to Fairmarket Plaza an affordable apartment community located in Charlotte, NC. The spacious 1 bedroom floor plan is thoughtfully designed to maximize living and entertaining space. Do you enjoy playing bingo, having a cup of coffee or participating in yoga or aerobics? This community offers social activities in their clubroom for your enjoyment, socialization and exercise.

Pets under 20 pounds are welcome! (breed restrictions apply)

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 570 Call for Price

Fairmarket Plaza Apartments Details

  • 121 one bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Clubhouse
  • Computer Room
  • Pet Friendly
  • Game Room
  • Resident Activities

Unit Amenities

  • Fireplace
  • Private Porch

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Charlotte 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 Charlotte but actual income limits may differ for units at Fairmarket Plaza Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,800 $22,600 $25,450 $28,250 $32,470 $37,190 $41,910 $46,630
50% $33,000 $37,700 $42,400 $47,100 $50,900 $54,650 $58,450 $62,200
80% $52,750 $60,300 $67,850 $75,350 $81,400 $87,450 $93,450 $99,500

Fairmarket Plaza Apartments is managed by Evergreen Real Estate Group.

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Image of Fairmarket Plaza Apartments
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