The senior tenants will shoulder only a small part of the rent, which is usually about 30% of their Monthly Adjusted Income or MAI. Low Rent Apartments in Charlotte, North Carolina Brookdale South Charlotte is a senior living facility located at 5515 Rea Road, inside 28226 zip code in Mecklenburg county and offers senior housing in Charlotte, North Carolina. The Low Income Housing Tax Credit or LIHTC is a tax credit program that gives non-profit and for-profit housing developers tax credits in exchange for allocating a portion of their development units for low income residents and for low income senior resident. The Renaissance is located on the bus line and is only minutes away from Interstate 85, Interstate 77 and Uptown. So, if a senior resident finds a low income apartment in Charlotte that costs $800 per month, that senior may only have to pay $300 or $400 toward rent and the voucher will cover the rest. In addition, seniors applying should not have a criminal record. Brookdale Cotswold provides housing for senior citizens in Charlotte, NC. Affordable Housing programs support 2 apartment communities in Pineville. Affordable Housing - City Of Charlotte Government Charlotte, North Carolina Call For Rent 1-3 BR Affordable View Apartment Poplar Grove Apartments (Formerly Booth Gardens) 421 N Poplar St Charlotte, North Carolina Income Based Studio-1 BR Rent Assisted 62+ View Apartment Fairmarket Plaza Apartments 6427 Plaza Rd Charlotte, North Carolina Call For Rent 1 BR Rent Assisted 62+ View Apartment Senior Apartments. 2-3 Beds, $750 - 1,100 Still, the city does offer options for those who need to get from their Charlotte apartment to work or to head Uptown to see the latest show at Ovens Auditorium or watch the Panthers play at Bank of America Stadium. Affordable Housing programs support 2 apartment communities in Cornelius. Charlotte, North Carolina 28262. This is especially true with real estate. OFFICE . Phone: 704-537-8190. Fortunately, the Senioridy.com platform offers seniors that have low or fixed incomes a good place to search for and find low income senior housing options. Brookdale Carriage Club Providence Ii offers multiple apartment options for the elderly in Charlotte, NC, including studio and 1 bedroom. find affordable housing options in and around the Charlotte area, Qualifying for low income senior apartments in Charlotte, Greensboro, NC Low Income Senior Apartments, Jacksonville Low Income Senior Apartments, Lexington, KY Affordable Senior Apartments, Montgomery, AL Subsidized Senior Apartments, St. Petersburg, FL Affordable Senior Apartments, Low Income Senior Housing in Columbus, Georgia, Savannah Georgia Low Income Senior Housing, Affordable Senior Housing in Fayetteville, North Carolina, Subsidized Senior Housing in Houston, Texas, San Antonio, Texas Low Income Senior Housing, Finding Subsidized Senior Housing in Austin, Texas, Finding Affordable Senior Apartments in New York City, NY, Affordable Senior Housing in Chicago Illinois, Affordable Living in San Diego for Senior Citizens, Finding Affordable Senior Housing in Philadelphia, Finding Affordable Senior Apartments in San Jose, California, What Is Section 202 Affordable Senior Housing, Share Your Custom Lists with friends and family, Add new listings or claim existing listings. Therefore, a senior resident who is looking for a Charlotte subsidized senior housing unit can probably find one under the LIHTC program. For seniors that can afford to pay a premium for a place to live, there are all kinds of resources and referral agents that will do the searching for them. However, program applicants should understand that a community that accepts LIHTC residents is not necessarily exclusive to seniors. Get involved in your new community and enjoy camaraderie at our resident socials. Atria Merrywood offers Mecklenburg County residents looking for senior living near Charlotte, North Carolina multiple senior housing options. On top of that, Charlotte is attracting an influx of seniors because the medical costs in Charlotte are 5% lower than the national average. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. This helps to incentivize developers of multifamily units to create low income living spaces for the elderly in and around Charlotte. Sort:Default. And more! In North Carolina, the definition of low income is when a households total income is below 30% of the AMI of the state. 4305 Sweethoney Cir, Charlotte , North Carolina 28227. Many of these seniors do not have the ability to purchase a home and many that can purchase wont because of the upkeep involved. How Do I Find Low Income Senior Apartments in Charlotte? Could you please let us know your first name? One of the eligibility requirements for a housing choice voucher is to have a household income less than 50 percent of the area's mean income (AMI) within that area, so senior tenants must make less than 50%. The down side of the housing voucher program is that it can take years to qualify for a voucher, leaving many seniors in a bind when an immediate need arises. Malls in the area include the upscale SouthPark Mall and the more affordable Carolina Place Mall in south Charlotte and the Northlake Mall in northwestern Charlotte. So, seniors moving into an area with an increasing population may find it necessary to hunt for low cost senior housing in Charlotte. Inlivian - Our Inlivian is your Inlivian Your golden years should be a time for enjoying life, not for worrying about where youre going to live. Another component of Section 202 is to subsidize rents for the elderly tenants who live in a Section 202 property. . As a seniors medical needs rise and their capabilities diminish, seniors tend to move into more populated areas that have better supporting services and medical providers. Apartment rent in Charlotte has increased by 8.7% in the past year. Low Income Senior Apartments in Charlotte, NC - Yellow Pages Large shopping plazas featuring a mix of big-name department stores and restaurants and smaller, independently owned shops and eateries include RiverGate in southwestern Charlotte, the Arboretum in south Charlotte and the more centrally located Park Road Shopping Center, Carolina Pavilion and Cotswold Village Shops. 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. Recommended Reading: Low Income Apartments Des Moines. Check rates, compare amenities and find your next rental on Apartments.com. She is passionate about providing information to Seniors and their Adult Caregivers to help make the journey to finding the information and resources that they need easier for them. in the palm of your hand throughout your rental journey. Seven key trends are shaping the need for affordable housing in Charlotte. Typically, when there is an increase in demand for something prices will rise. Willow Ridge Assisted Living is a 55 and older residence for seniors located at 2140 Milton Road, 28215 zip code, belonging to the Mecklenburg area. Elmcroft Of Little Avenue is a retirement living community in 28226 zip code area, situated at 7745 Little Avenue in the Mecklenburg county. For real estate developers, the influx of seniors moving into Charlotte means more housing needs to be to be made available. But more populated areas also come packaged with a higher cost of living, including monthly rent payments. Charlotte Wheelchair Accessible Apartments. Known as the Queen City, Charlotte is North Carolinas busiest city with over 800,000 residents. There are a great number of seniors that have retired and depend on a single fixed income so affordability is of great concern to them. It provides a total of 90 senior apartment units. Prosperity Creek Senior Apartments | Charlotte, NC Low Income Apartments You'll likely want a car when living in this area since it has few transit options. This rental is accepting applications through Apartments.com. Waltonwood Cotswold is a retirement living community in 28211 zip code area, situated at 5215 Randolph Road in the Mecklenburg county. Honeycreek Senior Apartments is managed by The Franklin Johnston Group. About Search Results. Seniors looking for luxury retirement options in Charlotte, North Carolina will find Waltonwood Cotswold as an excellent option. Mint Hill Senior Living is a retirement living community in 28227 zip code area, situated at 10830 Lawyers Glen Drive in the Mecklenburg county. We want to be able to answer any questions you may have. Non-alphanumeric character is not allowed. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.StudioOne BRTwo BRThree BRFour BRCharlotte, North Carolina Fair Market Rent$1,154$1,180$1,333$1,691$2,183Charlotte, North Carolina Payment Standard Range$1,039 to $1,269$1,062 to $1,298$1,200 to $1,466$1,522 to $1,860$1,965 to $2,401@media(max-width:768px){.fmr-table td:nth-of-type(1):before{content:"Studio"}; } @media (max-width:768px){ .fmr-table td:nth-of-type(2):before{content:"One"}; } @media (max-width:768px){ .fmr-table td:nth-of-type(3):before{content:"Two"}; } @media (max-width:768px){ .fmr-table td:nth-of-type(4):before{content:"Three"}; } @media (max-width:768px){ .fmr-table td:nth-of-type(5):before{content:"Four"}; }}. 1-4 Beds, $1,050 - 1,372 If you prefer, you can get all information about this facility by calling us at (866) 892-7533. 2-3 Beds, $1,100 The main purpose of low cost senior housing is to allow the elderly to have enough money left to pay for other monthly expenses such as medication, grocery and other things like durable medical equipment. 1-2 Beds, $660 - 730 Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Cabs are also available, although this mode of transportation isn't the cheapest. Beyond the high-rises of the central business district and lively entertainment venues, Charlottes landscape features a mix of picturesque homes, historic buildings, luxury apartments, and lush greenery. There are 305,488 households in the city with an average household size of 2.55 persons. While there are numerous programs and millions of units on the market specifically for low income seniors, finding those units can be challenging. The median gross income for households in Charlotte is $53,637 a year, or $4,470 a month. You'll likely want a car when living in this area since it has few transit options. Avion Point Senior Living | Charlotte, NC Low Income Apartments Avion Point Senior Living 2340 Apex Landing Way, Charlotte , North Carolina 28217 You've worked hard to get where you are. If a senior performs a search for Charlotte low income senior living near me on a search engine they can expand their search radius of the results presented to see a list of other options available outside of Charlotte city center. Act now and your $ purchase will include 9 additional FREE application submissions to participating properties.