Alder's Point Senior Apartments

590 Mock St, Winston Salem, North Carolina 27127

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Units

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

Alder's Point Senior Apartments Details

  • 100 one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 8 Project-Based Rental Assistance

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 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Winston Salem 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 Winston Salem but actual income limits may differ for units at Alder's Point Senior Apartments.

AMI Band 1 Person 2 Person 3 Person
30% $14,500 $17,420 $21,960
50% $24,150 $27,600 $31,050
80% $38,600 $44,100 $49,600

Winston Salem 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 Winston Salem but actual income limits may differ for units at Alder's Point Senior Apartments.

AMI Band 1 Person 2 Person 3 Person
Very Low Income (50%) $24,150 $27,600 $31,050
Low Income (60%) $28,980 $33,120 $37,260

Alder's Point Senior Apartments is managed by Community Management Corporation.

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