About This Property
Pine Ridge Apts offers 32 low-income units in Newland, NC, serving elderly residents. The property includes 30 one-bedroom and 2 two-bedroom units and has been in service since 1994. This property participates in the 4% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Avery County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $776 |
| 1 Bedroom | $781 |
| 2 Bedroom | $1,026 |
| 3 Bedroom | $1,241 |
| 4 Bedroom | $1,366 |
Income Limits - Avery County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Newland, NC?+
The Fair Market Rent (FMR) for Avery County, NC is: $776 (Studio), $781 (1BR), $1026 (2BR), $1241 (3BR), $1366 (4BR). Actual rent at subsidized properties like Pine Ridge Apts is typically 30% of household income or less.
What size apartments are available at Pine Ridge Apts?+
Pine Ridge Apts offers the following unit types: 30 One-Bedroom, 2 Two-Bedroom units, for a total of 32 units.
Who manages Pine Ridge Apts?+
Pine Ridge Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Newland, NC?+
Based on Fair Market Rent for Avery County, the estimated price range is: 1-bedroom: $781, 2-bedroom: $1026. Actual rent at Pine Ridge Apts may be lower for income-eligible households.
Who is eligible to live at Pine Ridge Apts?+
Pine Ridge Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Avery County, NC?+
For a 4-person household in Avery County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
How do I apply for housing at Pine Ridge Apts?+
Pine Ridge Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
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