Azalea Terrace

100 Azalea Terrace Ct, Winston Salem, North Carolina 27105

Azalea Terrace, located at 100 Azalea Terrace Ct in Winston Salem, NC has one bedroom apartments. Azalea Terrace participates in the Public Housing, Low-Income Housing Tax Credit (LIHTC), HOPE VI and Section 223 programs.

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Units

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

Azalea Terrace Details

  • 100 one bedroom units.
  • Public Housing
  • Low-Income Housing Tax Credit (LIHTC)
  • HOPE VI
  • Section 223

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

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.

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 Azalea Terrace.

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

Azalea Terrace is managed by Community Management Corporation.

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