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The average price range for low-income apartments in Charlotte, NC is between $1,525 and $2,118. 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. 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. Therefore, for seniors to be eligible for Section 202, the households total income must be less than $18,845.10 per year. Of course, since affordability is relative, what is affordable to one senior in terms of rent may not be affordable to another. For example, the area mean income of Charlotte, North Carolina in 2019 was $62,817.00. While the elderly resident will only pay a small, pre-determined portion of the actual rent, the government will pay the remainder of the rent to the housing provider so that they receive full market value for rent each month. Low Income Housing Apartments In Charlotte Nc Sharon Manor Homes Affordable Apartments for Seniors 4703 N Sharon AmitCharlotte, NC - 28205 Section 8 approved units:39 The fair market rate for 2 bedroom apartments in this area is: $793 Amen Section 8 1005 West Trade StCharlotte, NC - 28202 3327 N. Davidson SCharlotte, NC - 28205 Since the number of seniors that rent versus owning their housing has increased, it has had a profound impact on real estate. Most of Charlotte's existing affordable rental options are large-scale, naturally occurring affordable housing. Seize the opportunity to experience redefined senior living at Avion Point Senior Apartments. SeniorGuidance.org provides comprehensive resources on various senior living options, including: assisted living facilities, senior living communities, nursing homes, independent living communities, continuing care retirement communities (CCRC) and all other long term senior care options, including memory care such as Alzheimer's or Dementia. As part of the 28212 zip code area, it can provide senior living accommodations for North Carolina senior citizens who are searching for independent or assisted housing in Charlotte. It is expected that when the last of the generation of baby boomers reaches the age of 65, the senior population in the US will have reached 22 percent. 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. On average, Section 8 Housing Choice vouchers pay Charlotte landlords $700 per month towards rent. The SouthPark area also features upscale boutiques and high-end restaurants, while NoDa, or the North Davidson area near Uptown, has several trendy shops that sell clothing, art, home decor and handmade jewelry. . Mint Hill Senior Living is a retirement living community in 28227 zip code area, situated at 10830 Lawyers Glen Drive in the Mecklenburg county. There are no open Section 8 Housing Choice Voucher waiting lists in Charlotte. So, if fair market value for a rental unit would be $900, the senior only pays a small portion of that rent while the federal government pays the property owner the rest. 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. For real estate developers, the influx of seniors moving into Charlotte means more housing needs to be to be made available. You'll likely want a car when living in this area since it has few transit options. Low cost senior housing is usually a result of a collaboration between the government and qualified housing providers. Tenants that are found to be ineligible for Section 202 program can reapply after three years. For example, housing programs that are offered only to senior tenants will have more stringent eligibility requirements. 2-3 Beds, $1,350 - 1,450 Your Name (required) Your Email (required) Your Phone (required) Subject. Senior living apartments are usually age-restricted communities that offer senior-friendly amenities and features. HUD contributes the rental subsidies directly to qualified landlords to supplement the rental payments. 1-2 Beds, Showing 25 of 32 Results - The rent seniors have to pay is usually determined by the resident's monthly adjusted income. Or sign in if you already have an account, 130 Kings Branch Way, Charlotte, NC 28217, enter move in date in the format: 2 digit month / 2 digit day / 4 digit year. 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. My name is Kimberly and I will be assisting you today. 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. Affordable Sports Historic Suburban Great Schools The city of Concord is a large suburb of North Carolina, located just 25 miles northeast of Charlotte. While there are numerous programs and millions of units on the market specifically for low income seniors, finding those units can be challenging. Please correct it. 3 Beds, $1,034 - 1,238 As part of the 28210 zip code area, it can provide senior living accommodations for North Carolina senior citizens who are searching for independent or assisted housing in Charlotte. The Terrace At Brightmore Of South Charlotte is a pet-friendly 55+ senior apartment facility located at 10225 Old Ardrey Kell Road, 28277 zip code in Mecklenburg county. If you prefer, you can get all costs information by calling us at (866) 892-7533. If a unit is assigned to the 50% bracket, a senior applying for the unit cant make more than 50% of Charlottes median income. Section 202, also known as the Affordable Senior Housing Program, expands HUD's Section 8 program with the additional provisions of supportive services for the elderly. 1-4 Beds, $1,050 - 1,372 The education and community programs planned will create opportunity for neighbors to engage in a broader community revitalization. Nevertheless, a senior tenant who wants to be eligible for low cost housing programs should meet the following criteria. Enjoy live performances, family-friendly events, local cuisine, and a vibrant nightlife scene. See complete list of 55+ senior housing in Charlotte, North Carolina and nearby: The Little Flower Assisted Living is a senior living facility located at 8700 Lawyers Road, inside 28227 zip code in Mecklenburg county and offers senior housing in Charlotte, North Carolina. The LIHTC program is the most federally funded housing program in the United States, representing approximately 90% of all low income housing units available in the US. Preston House is a 55 plus senior living community located at 4910 Harris Woods Boulevard in the 28269 zip code. Seven key trends are shaping the need for affordable housing in Charlotte. The eligibility income to qualify for a voucher must be below $31,408.50 per year, which means that any person or household with a total combined income that exceeds this amount will not be qualified. However, property owners will re-assess whether the household will remain eligible for the unit they are in every year. Brighton Gardens Of Charlotte can accommodate up to 125 senior citizens in total. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The NASCAR Hall of Fame is a popular destination for race fans, The Carowinds Intimidator is one of the country's tallest steel roller coasters, The Duke Energy Center is one of the nation's tallest buildings. Are you also interested in learning about long-term care insurance and how it can cover all senior living costs? 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. Affordable housing program eligibility is always determined by one's income. We will be in touch soon to provide you all the information. You are almost there. Affordable Housing programs support 5 apartment communities in Huntersville. As of March 2023, the average apartment rent in Charlotte, NC is $1,397 for a studio, $1,416 for one bedroom, $1,588 for two bedrooms, and $1,819 for three bedrooms. Our spacious 2, 3, and 4 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. By submitting this form, you agree to SeniorGuidance.org's Terms of Use, Privacy Policy and agreement to be contacted by us, or our partner providers, using a system that can auto-dial. Thank you. Brookdale Carriage Club Providence Ii can accommodate up to 34 senior citizens in total. See all 1 apartments in Glenwater at University Place, Charlotte, NC with utilities included currently available for rent. Dog & Cat Friendly North Carolina also requires a household member to be either a US citizen or a naturalized alien resident. Moving can be a hassle. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. Brittany.Clampitt@ci.charlotte.nc.us. Protect yourself from scams! 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. Enjoy the benefits of community living with the added perks of living minutes away from downtown Charlotte. Please provide your real phone number. You can find senior living apartments available to rent in several Charlotte, NC neighborhoods, including South End , Uptown Charlotte , and South Park . Tagged as Charlottes got a lot by the community, this bustling urban oasis offers diversity, cultural experiences, and endless adventures. Charlotte is not the only city that is seeing an influx of its senior population. Summit Place Of Southpark is a 55 and over senior housing complex situated at 2101 Runnymede Lane in Mecklenburg county and offers senior living in Charlotte, North Carolina. The rent seniors have to pay is usually determined by the residents monthly adjusted income. But more populated areas also come packaged with a higher cost of living, including monthly rent payments. 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. 2-3 Beds, $1,100 Set a destination, transportation method, and your ideal commute time to see results. If you prefer to get all information by phone, please call (888) 595-9101. Your consent is not required to use the service. in the palm of your hand throughout your rental journey. We are ready to send you the information. Page 1 of 2. Any resident over the age of 19 who meets the income requirements can apply for the HCV program. Enjoy live performances, family-friendly events, local cuisine, and a vibrant nightlife scene. As part of the 28226 zip code area, it can provide senior living accommodations for North Carolina senior citizens who are searching for independent or assisted housing in Charlotte. Overture Cotswold 55+ Active Adult Apartme Pet Friendly Senior Living in Charlotte,NC, Active Adult Senior Living in Charlotte,NC, Independent Senior Living in Charlotte,NC, Low Income Senior Living in Charlotte,NC. Seniors looking for luxury retirement options in Charlotte, North Carolina will find Elmcroft Of Little Avenue as an excellent option. Because there is such a high demand for the spaces and so few search platforms available, locating and securing low income senior housing in Charlotte, NC can be a time consuming process. The average rent of a 2 bedroom rental in Charlotte, NC is $1,637. It has a maximum capacity of 62 senior living apartments. The CATS bus system provides convenient routes and schedules for most areas around Uptown. The average rent of a 3 bedroom rental in Charlotte, NC is $1,881. (2) BBB Rating: A+. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Copyright 2023 SeniorGuidance.org. We would just like to know who and where to send it to. The average rent of a 1 bedroom rental in Charlotte, NC is $1,488. Seniors may also call a local Public Housing Authority for information on available housing options within the authoritys area of jurisdiction. So, if fair market value for a rental unit would be $900, the senior only pays a small portion of that rent while the federal government pays the property owner the rest. Your email address should include an @ and a valid extension. In addition, there is an increase in the movement of senior adults into secondary cities to be near establishments and health care facilities to meet their daily needs. All Rights ReservedSITE MAP. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Queen City Assisted Living is a 55 and older apartments community situated at 1700 Montana Drive, 28216 zip code inside Mecklenburg County. 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. Thank you. Cuthbertson Village At Aldersgate is a pet-friendly 55+ senior apartment facility located at 3800 Shamrock Drive, 28215 zip code in Mecklenburg county. We and our partners use cookies to Store and/or access information on a device. I'm now matching you with one of our senior living specialists who will call you within the next few minutes. Additional senior living options in Charlotte, North Carolina: If you are looking for assisted living options in Charlotte, see Assisted Living in Charlotte, NC that includes all assisted living communities.