2110 17th Avenue Northeast, Hickory, NC 28601
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Joshua CappellRent | Beds | Baths | SqFt |
---|---|---|---|
$592 - 676 per Month† | 2 - 3 Beds | 1 - 2 Baths | 940 - 1,151 Sq Ft |
This property is currently under construction.
Highland Park is an affordable apartment community offering two and three bedroom units. For more information, please contact their management office.
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 Highland Park 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | 940ft2 | $592† |
3 Bedroom (3/2) | 1151ft2 | $676† |
AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
---|---|---|---|---|---|---|
50% AMI for LIHTC Units | $25,000 / year | $28,550 / year | $32,100 / year | $35,650 / year | $38,550 / year | $41,400 / year |
50% AMI for PBRA Units | $25,000 / year | $28,550 / year | $32,100 / year | $35,650 / year | $38,550 / year | $41,400 / year |
60% AMI for LIHTC Units | $30,000 / year | $34,260 / year | $38,520 / year | $42,780 / year | $46,260 / year | $49,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Highland Park have a waiting list?
Highland Park 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 Highland Park?
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 Highland Park?
Highland Park is managed by Southern Residential Management
In addition to Highland Park, how many other affordable housing properties (and units) are there in Hickory?
In addition to Highland Park, we list 27 other affordable properties in Hickory. Learn about these properties here. Our data research shows that there are a total of 1086 affordable units in Hickory.
1726 3rd Ave NW , Hickory, North Carolina 28601
950 20th St NE, Hickory, North Carolina 28601
415 26th Ave NE , Hickory, North Carolina 28601
1866 20th Avenue Dr NE, Hickory, North Carolina 28601
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Kim Eatmon says:
"Affordable Housing Online is a great way to see what’s available for low income housing."