South Village Apartments

3898 Dewitt Ln, Charlotte, NC 28217

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Connor Bailey, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 Bath	-

This project has been funded and will begin construction soon.

South Village Apartments are a future affordable living community that will offer 81 units of housing. A mix of studio, one, two, and three bedroom options are offered. The project is planned to be finished by the end of 2023

Dave's Thoughts On South Village Apartments

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 South Village Apartments 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 Layfield, Founder of Affordable Housing Online

South Village Apartments Amenities

Close to Public Transportation

Units at South Village Apartments

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†
One Bedroom (1/1)	-	Call for Price^†
Two Bedroom (2/1)	-	Call for Price^†
Three Bedroom (3/1)	-	Call for Price^†

Income Qualification for South Village Apartments

*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	5 people	6 people
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

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

FAQs for South Village Apartments

Does South Village Apartments have a waiting list?

South Village Apartments 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 South Village Apartments?

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 South Village Apartments?

South Village Apartments is managed by DreamKey Partners headquartered in Charlotte, NC.

In addition to South Village Apartments, how many other affordable housing properties (and units) are there in Charlotte?

In addition to South Village Apartments, we list 459 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.