Affordable Housing In Tabor City
Columbus County, North Carolina

7 Low Income Apartment Communities In Tabor City

Tabor Landing Apartments

383 Swamp Fox Highway E
Tabor City, NC
$420-650
1-3 BR
HCV Welcome

Evans Pointe I

102 Evans Point Drive
Tabor City, NC

Evans Pointe II

101 Essie Mae Ct
Tabor City, NC
HCV Welcome

Tabor Villa Apartments

103-A Turlington Drive
Tabor City, NC
Subsidized

Tabor Villa Apartments

605 Green Sea Rd
Tabor City, NC
HCV Welcome

Pireway Place Apartments

849 Pireway Rd
Tabor City, NC
HCV Welcome

Forest Edge Apartments Homes

102 Forest Edge Cir
Tabor City, NC
HCV Welcome
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Housing Authorities that serve Tabor City

Housing Authority Programs
Columbus County Public Housing Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Tabor City, North Carolina

According to federal housing data and AffordableHousingOnline.com research, there are 7 low income housing apartment communities offering 241 affordable apartments for rent in Tabor City, North Carolina. Tabor City features 32 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 209 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Tabor City.

Tabor City, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 241
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 52.1%
Average Renter Household Size 2.24
Average Household Size 2.29
Median Household Income $18,647 ±$1,906
Median Rent $555 ±$47
Percentage Of Renters Overburdened 50.34% ± 14.55pp
Total Population 3,946

Population and Household Demographics

Tabor City is a City in Columbus County, North Carolina with a population of 3,946. There are 1,121 households in the city with an average household size of 2.29 persons. 52.1% of households in Tabor City are renters.

Income and Rent Overburden in Tabor City

The median gross income for households in Tabor City is $18,647 a year, or $1,554 a month. The median rent for the city is $555 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tabor City, a household making less than $1,850 a month would be considered overburdened when renting an apartment at or above the median rent. 50.34% of households who rent are overburdened in Tabor City.1

Area Median Income In Tabor City

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Tabor City, the AMI is calculated from all households within Columbus County.

In Tabor City, HUD calculates the Area Median Income for a family of four as $50,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Tabor City

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Tabor City HUD Rental Assistance in Tabor City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $29,850 $32,050 $34,250 $36,450
50% of Median $19,350 $22,100 $24,850 $27,600 $29,850 $32,050 $34,250 $36,450
80% of Median $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
Low Income Housing Tax Credits in Tabor City

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2009, 3 low income apartment communities containing 105 rental apartments have been constructed and made affordable to low income persons in Tabor City by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Tabor City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,350 $22,100 $24,850 $27,600 $29,850 $32,050 $34,250 $36,450
60% of Median $23,220 $26,520 $29,820 $33,120 $35,820 $38,460 $41,100 $43,740

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Tabor City is $29,820 a year, or $2,485 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,485 by 30% to get a maximum rent of $746 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $484 $518 $621 $718 $801 $884
60% $581 $622 $746 $862 $962 $1,061
Fair Market Rents in Tabor City

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$527 $530 $671 $896 $1,004