801 Carolina Ave, New Bern, NC 28562
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 689 - 1,110 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.
Carolina Avenue is New Bern's newest on affordable housing. Their community offers 1, 2 & 3 bedroom homes with modern conveniences such as energy star rated refrigerator, range and dishwasher, washer/dryer connections, private patios and more!
Because Carolina Avenue Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 689ft2 | Call for Price† |
| Two Bedroom (2/2) | 980ft2 | Call for Price† |
| Three Bedroom (3/2) | 1110ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $26,450 / year | $30,200 / year | $34,000 / year | $37,750 / year | $40,800 / year | $43,800 / year |
| 50% AMI for PBRA Units | $26,450 / year | $30,200 / year | $34,000 / year | $37,750 / year | $40,800 / year | $43,800 / year |
| 60% AMI for LIHTC Units | $31,740 / year | $36,240 / year | $40,800 / year | $45,300 / year | $48,960 / year | $52,560 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Carolina Avenue Apartments have a waiting list?
Carolina Avenue 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 Carolina Avenue 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 Carolina Avenue Apartments?
Carolina Avenue Apartments is managed by Excel Property Management headquartered in Raleigh, NC , North Carolina.
In addition to Carolina Avenue Apartments, how many other affordable housing properties (and units) are there in New Bern?
In addition to Carolina Avenue Apartments, we list 46 other affordable properties in New Bern. Learn about these properties here. Our data research shows that there are a total of 1893 affordable units in New Bern.
1208 Colony Dr, New Bern, North Carolina 28562
3501 Wind Hill Ct, New Bern, North Carolina 28560
601 Roundtree Street, New Bern, North Carolina 28562
3833 Weatherstone Park Rd, New Bern, North Carolina 28562
3800 Lofland Way, New Bern, North Carolina 28562
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