5235 Garden Trace Court, Charlotte, NC 28216
Waiting List Forecast: Likely Short or None
Verified for 2023 by Ben D. Layfield| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $695 - 850 per Month† | 2 - 3 Beds | 2 Baths | 1 - 983 Sq Ft |
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.
Montgomery Gardens Apartment Community is conveniently located near I-77 and I-85, within walking distance of great shopping, fine dining and enjoyable entertainment. The community is also minutes away from Northlake Mall, Latta Plantation, Hornets’ Nest Park, a movie theater and childcare facilities. This community offer spectacular amenities including a community garden, car care area, community room, computer and library center, clothes care center and more. In the immaculate apartments located here at Montgomery Gardens, you will find many ‘extras’ that make coming home to your apartment a pleasure, including fully-equipped kitchens and washer and dryer connections in every unit.
Because Montgomery Gardens Apartment Homes participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/2) | 983ft2 | $695† |
| 3 Bedroom (3/2) | 1ft2 | $850† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,950 / year | $23,950 / year | $26,950 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year | $53,850 / year | $57,850 / year |
| 50% AMI for PBRA Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year | $53,850 / year | $57,850 / year |
| 60% AMI for LIHTC Units | $41,880 / year | $47,880 / year | $53,880 / year | $59,820 / year | $64,620 / year | $69,420 / year |
| 80% AMI for PBRA Units | $55,850 / year | $63,800 / year | $71,800 / year | $79,750 / year | $86,150 / year | $92,550 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Montgomery Gardens Apartment Homes have a waiting list?
Montgomery Gardens Apartment Homes 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 Montgomery Gardens Apartment Homes?
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.
In addition to Montgomery Gardens Apartment Homes, how many other affordable housing properties (and units) are there in Charlotte?
In addition to Montgomery Gardens Apartment Homes, we list 210 other affordable properties in Charlotte. Learn about these properties here. Our data research shows that there are a total of 14677 affordable units in Charlotte.
When was the Montgomery Gardens Apartment Homes listing last updated?
Montgomery Gardens Apartment Homes listing on Affordable Housing Online was last updated on 01/03/2023 by Ben D. Layfield. Remember, a property's status can change so you should contact the property to confirm.
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