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Pender Square Apartments

500 Benson Dr, Tarboro, North Carolina 27886

Pender Square Apartments is a great affordable community located in Tarboro, NC. We offer 1, 2 and 3 bedroom garden apartments and townhomes. We are located near schools and the hospital. Call today for more information!

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Income Based
Two Bedroom (2/1) - Income Based

Pender Square Apartments Details

  • 72 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Playground
  • On-Site Parking

Unit Amenities

  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Near Hospital
  • Near Schools

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Tarboro HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Tarboro but actual income limits may differ for units at Pender Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,760 $17,240 $21,720 $26,200 $30,680 $33,700 $36,050 $38,350
50% $20,350 $23,250 $26,150 $29,050 $31,400 $33,700 $36,050 $38,350
80% $32,550 $37,200 $41,850 $46,500 $50,250 $53,950 $57,700 $61,400

Tarboro Low-Income Housing Tax Credit Income Limits

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 Tarboro but actual income limits may differ for units at Pender Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,350 $23,250 $26,150 $29,050 $31,400 $33,700 $36,050 $38,350
Low Income (60%) $24,420 $27,900 $31,380 $34,860 $37,680 $40,440 $43,260 $46,020

Pender Square Apartments is managed by The Pendergraph Companies, LLC.

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