90 Harrison Terrace Drive, Marion, NC 28752
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $659 - 820 per Month† | 1 - 3 Beds | 1 - 2 Baths | 724 - 1,205 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.
Harrison Terrace has unmatched design and comfort that meet all your desires while offering affordable rental rates.
Their stunning 1, 2, and 3 bedroom apartment homes come loaded with all the must-haves. Fully furnished kitchens with white appliances, beautiful countertops and cherry cabinets will be the place of family dinners and late night snacks. Their apartment homes feature washer and dryer connections, generous walk-in closets making it easy to store and organize, refreshing bathrooms, and private patios.
When you want to relax at the end of a long day, enjoy their outdoor gazebos with grilling areas or burn some calories in their 24-hour fitness center. The clubhouse offers a business center and a meeting room area where you can shop online or work remotely. Enjoy their smoke-free community while family members play on the playground. These are a few reasons to make Harrison Terrace your new home.
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 Harrison Terrace 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 |
|---|---|---|
| One Bedroom (1/1) | 724ft2 | Call for Price† |
| Two Bedroom (2/2) | 1066ft2 | $659 $820† |
| Three Bedroom (3/2) | 1205ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $24,250 / year | $27,700 / year | $31,150 / year | $34,600 / year | $37,400 / year | $40,150 / year |
| 50% AMI for PBRA Units | $24,250 / year | $27,700 / year | $31,150 / year | $34,600 / year | $37,400 / year | $40,150 / year |
| 60% AMI for LIHTC Units | $29,100 / year | $33,240 / year | $37,380 / year | $41,520 / year | $44,880 / year | $48,180 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Harrison Terrace have a waiting list?
Harrison Terrace 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 Harrison Terrace?
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 Harrison Terrace?
Harrison Terrace is managed by GEM Management, LLC headquartered in Charlotte, North Carolina.
In addition to Harrison Terrace, how many other affordable housing properties (and units) are there in Marion?
In addition to Harrison Terrace, we list 11 other affordable properties in Marion. Learn about these properties here. Our data research shows that there are a total of 477 affordable units in Marion.
351 State St, Marion, North Carolina 28752
220 California Ave, Marion, North Carolina 28752
848D Spaulding Rd, Marion, North Carolina 28752
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