Cotton Street Commons

819 Cotton St, Monroe, NC 28112

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Senior (62+)
check_circle  Accessible Units
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance
check_circle  Mobility Accessible
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Cotton Street Commons offers an affordable rental community for seniors age 62+. They are located in Monroe, NC. Their handicap accessible community offers one and two bedroom floor plans with many amenities offered!

Dave's Thoughts On Cotton Street Commons

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Cotton Street Commons has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Cotton Street Commons Amenities

  • Community Room
  • Organized Activities
  • Close to Downtown District
  • Near Hospital
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • Air Conditioning
  • Handicapped Accessible
  • Private Entrance
  • Fully Equipped Kitchen
  • Smoke Free
  • Picnic Area
  • On-Site Laundry

Units at Cotton Street Commons

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Income Qualification for Cotton Street Commons

*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
30% AMI for PBRA Units $20,950 / year $23,950 / year $26,950 / year $30,000 / year
50% AMI for LIHTC Units $34,900 / year $39,900 / year $44,900 / year $49,850 / year
50% AMI for PBRA Units $34,900 / year $39,900 / year $44,900 / year $49,850 / year
60% AMI for LIHTC Units $41,880 / year $47,880 / year $53,880 / year $59,820 / year
80% AMI for PBRA Units $55,850 / year $63,800 / year $71,800 / year $79,750 / year

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

FAQs for Cotton Street Commons

Does Cotton Street Commons have a waiting list?

Cotton Street Commons probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Cotton Street Commons?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Cotton Street Commons?

Cotton Street Commons is managed by National Church Residences headquartered in Columbus , Ohio.

In addition to Cotton Street Commons, how many other affordable housing properties (and units) are there in Monroe?

In addition to Cotton Street Commons, we list 71 other affordable properties in Monroe. Learn about these properties here. Our data research shows that there are a total of 337 affordable units in Monroe.

When was the Cotton Street Commons listing last updated?

Cotton Street Commons listing on Affordable Housing Online was last updated on 05/30/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Cotton Street Commons

Icemorlee Street Apartments

1700 Icemorlee St, Monroe, North Carolina 28110

payment Subsidized

Piedmont Lofts

518 Miller St, Monroe, North Carolina 28110

bed 1-2
payment $1250-1450/mo.

Woodbrook Apartment Homes

2525 Woodbrook Ln, Monroe, North Carolina 28110

bed Studio-2
payment $1060-1380/mo.

Monticello Gardens

393 Monticello Dr, Monroe, North Carolina 28110

bed 1
payment $975/mo.

Nottingham Apartments

2613 Nottingham Ln, Monroe, North Carolina 28110

bed 2
payment $1425/mo.

Arka Heights

4650 Old Charlotte Hwy, Monroe, North Carolina 28110

bed Studio
payment $1305/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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