Likewise, senior living search websites such as Senioridy.com can help older adults find affordable housing options in and around the Charlotte area. Housing costs have outpaced household income increases 2.) This increase is not surprising since Charlotte, North Carolina, has been consistently included in Forbes's best places for people over 55 to retire. The CATS bus system provides convenient routes and schedules for most areas around Uptown. 2-3 Beds, $1,100 Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Moving to Work; Section 8 Project-Based Voucher (PBV). Act now and your $ purchase will include 9 additional FREE application submissions to participating properties. Thanks to its spread-out layout, Charlotte is more of a driving city than one that relies on public transportation. In addition, this section provides non-profit community housing developers the ability to apply for extremely low-rate senior apartment development loans from the federal government. Fitness Center But more populated areas also come packaged with a higher cost of living, including monthly rent payments. Honeycreek Senior Apartments is managed by The Franklin Johnston Group. While there are numerous programs and millions of units on the market specifically for low income seniors, finding those units can be challenging. Just click on any of these 914 senior housing apartment options to view photos and floor plans, plus find out verified information about neighborhoods, amenities, services, community activities and more. New! Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. But more populated areas also come packaged with a higher cost of living, including monthly rent payments. Since the number of seniors that rent versus owning their housing has increased, it has had a profound impact on real estate. 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 Charlotte but actual income limits may differ for units at Prosperity Creek Senior Apartments. Concierge Thank you. The city of Charlotte has earned its spot on countless Best Places to Live lists for its seemingly endless entertainment options. The nice thing about Section 202 apartments is that applying for the program is quite easy. If you prefer, you can get all costs information by calling us at (866) 892-7533. 4305 Sweethoney Cir, Charlotte , North Carolina 28227. Transportation Car-Dependent 46 out of 100 WalkScore Rating The LYNX Light Rail System offers a quick way to get to Uptown and back without having to worry about dealing with traffic and finding a parking spot in the heart of the city. Applicants must be 62 years and older and must be classified as having a low income. 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. Wouldnt you rather spend your time enjoying a good book poolside or spending time with friends and family? Households must earn either less than 50% or 60% of the area median income to qualify for these units. No, I will pay all senior living costs myself. 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. Brookdale Charlotte East is a senior living community located at 6053 Wilora Lake Road in Mecklenburg County. By clicking the red button above, 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. @media(max-width:768px){.pha-table td:nth-of-type(1):before{content:"Housing Authority"}; } @media (max-width:768px){ .pha-table td:nth-of-type(2):before{content:"Programs"}; }}. OFFICE . The Queen City offers several shopping centers, including malls and retail plazas, and it isn't hard to find apartments in Charlotte that are close to at least one of them. Apply to multiple properties within minutes. Or sign in if you already have an account, 6023 Tindall Park Dr, Charlotte, NC 28210, 6805 Walnut Branch Rd, Charlotte, NC 28277, 1055 Hatchers Pond Ln, Morrisville, NC 27560, 6930 Prosperity Rd, Huntersville, NC 28078, 3504 Broadstone Village Dr, High Point, NC 27260, 2355 Copperstone Dr, High Point, NC 27265, 200 Brannigan Village Dr, Winston-Salem, NC 27127, 5910 Farrington Rd, Chapel Hill, NC 27517, 515 Springbrook Dr, Kernersville, NC 27284. 1-2 Beds, $930 - 1,572 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. 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. There are 8,105 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Charlotte. It has a maximum capacity of 125 senior living apartments. Seize the opportunity to experience redefined senior living at Avion Point Senior Apartments. Enjoy Charlotte living and the comfort of peaceful serenity in this community. Of course, since affordability is relative, what is affordable to one senior in terms of rent may not be affordable to another. The LIHTC program is different from the other programs because its rent is not based on an elderly adult's income. . Currently, Charlotte, NC has 373 low-income apartments available to rent. (2) BBB Rating: A+. However, program applicants should understand that a community that accepts LIHTC residents is not necessarily exclusive to seniors. Thanks to its spread-out layout, Charlotte is more of a driving city than one that relies on public transportation. 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. Please enter your email address so that we know where send you the information. 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. The American population is getting older and many of those aging baby boomers are on looking for a place to live in the Charlotte, North Carolina area. Senior Apartments. The senior tenants will shoulder only a small part of the rent, which is usually about 30% of their Monthly Adjusted Income or MAI. Queen City Assisted Living is a 55 and older apartments community situated at 1700 Montana Drive, 28216 zip code inside Mecklenburg County. In Charlotte, a household making less than $3,087 a month would be considered overburdened when renting an apartment at or above the median rent. We value your privacy. 1.) As of March 2023, the average apartment rent in Commonwealth is $1,617 for a studio, $1,781 for one bedroom, $2,420 for two bedrooms, and $2,997 for three bedrooms. While about two-thirds of the seniors own homes, nearly 21 million seniors rent. Another component of Section 202 is to subsidize rents for the elderly tenants who live in a Section 202 property. Phone: 704-503-4866. Set a destination, transportation method, and your ideal commute time to see results. Brighton Gardens Of Charlotte offers multiple apartment options for the elderly in Charlotte, NC, including studio and 1 bedroom. 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. : (704) 334-0448 Fax: (704) 334-0335 cherrygardens@epmsites.com Download PDF Brochure Download Rental Application Cherry Gardens is tucked away on a quite street in the residential Cerry neighborhood. The Queen City offers several shopping centers, including malls and retail plazas, and it isn't hard to find apartments in Charlotte that are close to at least one of them. If you prefer to get all information by phone, please call (888) 595-9101. 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. Charlotte Wheelchair Accessible Apartments. 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. Welcome to Greenhaven Townhouses! Seniors that have limited incomes can also search for available options online through government websites such as HUD.gov. This program aims to give qualified housing developers incentives to build more affordable housing options for the increasing elderly population. This is your time to shine, and Apartment Finder has the ideal senior housing apartment in Charlotte. Cities, like Charlotte, with higher populations tend to quickly run out of housing units to offer because of the popularity of the services and amenities that are available in the area. Brookdale Carriage Club Providence Ii is a senior living community situated at 5816 Old Providence Road, inside 28226 zip code in the Mecklenburg county. Sort:Default. Fitness Center Charlotte offers easy access to major interstates, a public transit line, and proximity to the Charlotte Douglas International Airport. Its full capacity is 104 apartments for the aged. You might be able to find places to ride your bike in this area, but youll most likely want your car for most errands. Your message (optional) SEND. *Please enter your address or point of interest. The maximum amount a voucher would pay on behalf of a low-income tenant in Charlotte, North Carolina for a two-bedroom apartment is between $1,200 and $1,466. This increase is not surprising since Charlotte, North Carolina, has been consistently included in Forbess best places for people over 55 to retire. Youve worked hard to get where you are. The average rent of a 3 bedroom rental in Charlotte, NC is $1,881. Many of these seniors do not have the ability to purchase a home and many that can purchase wont because of the upkeep involved. Therefore, seniors that choose a LIHTC program should expect to live in a community with a mixed age group. 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. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). But for Low Income seniors, that simply is not the case. 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. The broader Renaissance redevelopment initiative hopes to make a greater impact beyond the physical footprint of the redevelopment site. New! However, with the increase in the senior population comes a pretty big housing problem. 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. Please enter a 5-digit zip code. 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. Apply to multiple properties within minutes. Please correct it. Default; Distance; Rating; Name (A - Z) View all businesses that are OPEN 24 Hours. 2 Beds, $862 - 1,405 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. Cherry Gardens Award winning design and top of the line amenites make Cherry Gardens the best of Charlotte! Avion Point Senior Living is managed by Gateway Management. Atria Merrywood is a senior apartment facility situated at 3600 Park Road, 28209 zip code. Website Designed & Developed by Moore Tech Solutions, Inc. Durham, North Carolina Fixed Income Senior Housing, Finding Affordable Senior Housing in Mobile, Alabama, Orlando, Florida Low Income Senior Apartments. 2-3 Beds, Call for Rent 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. Transportation Car-Dependent 46 out of 100 WalkScore Rating Catch a live concert at the Fillmore Charlotte, explore the NASCAR Hall of Fame, catch a game at NBAs Spectrum Theater, explore Discovery Place Science, or ride the rollercoasters at Carowinds. Your Name (required) Your Email (required) Your Phone (required) Subject. Recommended Reading: Low Income Apartments Des Moines. For an instant quote today please visit epremiuminsurance.com or call 1-800-319-1390. Clubhouse 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. Applicants must be 62 years and older and must be classified as having a low income. Senior adults who live in an area with overlapping counties should call the housing authority of each county for information about low income senior housing within each specific county. We are ready to send you the information. If you prefer, you can get all costs information by calling us at (866) 892-7533. 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. If you or a loved one is an aging adult that is searching for a low income place to live in Charlotte, read on through the following sections to find out more information: There has been a steady increase in the need for Charlotte low income senior living apartments within the city and surrounding suburbs. Save your current search and get the latest updates on new listings matching your search criteria! 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. The Crossings At Steele Creek provides senior living in Charlotte, North Carolina. Fortunately, the US Government has developed a few subsidized living programs that cater to the needs of the elderly for Charlotte low income senior housing options. We and our partners use cookies to Store and/or access information on a device. Charlotte is a major economic hub that houses numerous corporate headquarters, including nine Fortune 500 companies. Apartment rent in Charlotte has increased by 2.2% in the past year. Charlotte Square is a senior apartment facility situated at 5820 Carmel Road, 28226 zip code. Seniors tend to have increasing medical expenses as they continue to grow old, which can cause a financial burden that must be considered when looking for affordable living options. Refrigerator Non-alphanumeric character is not allowed. Each voucher is given directly to the qualified resident, giving them the option of relocating and choosing from any of the Charlotte low income senior housing communities that accept housing vouchers. The rent seniors have to pay is usually determined by the resident's monthly adjusted income. Brookdale Carriage Club Providence I is a senior living community located at 5802 Old Providence Road in Mecklenburg County. For example, the area mean income of Charlotte, North Carolina in 2019 was $62,817.00. Yard, Dog & Cat Friendly The average rent of a 4 bedroom rental in Charlotte, NC is $2,245. 46.61% of households who rent are overburdened in Charlotte. 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. Brookdale Cotswold provides housing for senior citizens in Charlotte, NC. Protect yourself from scams! Typically, when there is an increase in demand for something prices will rise. 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. 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.