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Mt Moriah Manor

202 Robert Floyd Dr, Lexington, North Carolina 27295

Mt Moriah Manor, located at 202 Robert Floyd Dr in Lexington, NC has 0 bedroom apartments. Mt Moriah Manor participates in the Section 202 Supportive Housing for the Elderly and Section 8 Project-Based Rental Assistance programs.

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Units

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

Mt Moriah Manor Details

  • 45 0 bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • Section 8 Project-Based Rental Assistance

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Lexington 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 Lexington but actual income limits may differ for units at Mt Moriah Manor.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,760 $17,240 $21,720 $26,200 $30,680 $34,400 $36,800 $39,150
50% $20,800 $23,750 $26,700 $29,650 $32,050 $34,400 $36,800 $39,150
80% $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650

Mt Moriah Manor is managed by Community Management Corporation.

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