Applegate Village Apartments
2601 Applegate Way, Sanford, North Carolina 27332
Applegate Village Apartments is an affordable apartment community in Sanford, NC. Our office is located at 2518 Indian Wells Court in Sanford. Please call our site manager for more information.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | 900 | $772 |
Eligibility for Applegate Village Apartments
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Sanford but actual income limits may differ for units at Applegate Village Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $24,700 | $28,200 | $31,750 | $35,250 | $38,100 | $40,900 | $43,750 | $46,550 |
| Low Income (60%) | $29,640 | $33,840 | $38,100 | $42,300 | $45,720 | $49,080 | $52,500 | $55,860 |
Contact Applegate Village Apartments
Applegate Village Apartments is managed by Partnership Property Management.
Applegate Village Apartments Details
- 21 two bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- 24hr Emergency Maintenance
- Off-Street Parking
Unit Amenities
- Cable Ready
- Window Coverings
- Refrigerator
Nearby Amenities
- Close to Dining
- Close to Shopping
- Near Schools
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
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