About This Property
Prosperity Ridge Apartments offers 60 low-income units in Kannapolis, NC, consisting of 39 one-bedroom and 21 two-bedroom floor plans. The community serves elderly residents and participates in the 9% Low-Income Housing Tax Credit program. Property management contact information is available upon request.
Property Details
Fair Market Rent - Cabarrus 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 | $1,347 |
| 1 Bedroom | $1,384 |
| 2 Bedroom | $1,554 |
| 3 Bedroom | $1,936 |
| 4 Bedroom | $2,481 |
Income Limits - Cabarrus County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,500
- Low (80%)
- $47,150
- Extremely Low (30%)
- $20,200
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $22,750
- Very Low (50%)
- $37,900
- Low (80%)
- $60,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,850
- Low (80%)
- $78,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,250
- Low (80%)
- $83,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,600
- Low (80%)
- $88,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,700 | $29,500 | $47,150 |
| 2 Persons | $20,200 | $33,700 | $53,900 |
| 3 Persons | $22,750 | $37,900 | $60,650 |
| 4 Persons | $26,500 | $42,100 | $67,350 |
| 5 Persons | $31,040 | $45,500 | $72,750 |
| 6 Persons | $35,580 | $48,850 | $78,150 |
| 7 Persons | $40,120 | $52,250 | $83,550 |
| 8 Persons | $44,660 | $55,600 | $88,950 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Kannapolis, NC?+
The Fair Market Rent (FMR) for Cabarrus County, NC is: $1347 (Studio), $1384 (1BR), $1554 (2BR), $1936 (3BR), $2481 (4BR). Actual rent at subsidized properties like Prosperity Ridge Apartments is typically 30% of household income or less.
What size apartments are available at Prosperity Ridge Apartments?+
Prosperity Ridge Apartments offers the following unit types: 39 One-Bedroom, 21 Two-Bedroom units, for a total of 60 units.
How do I apply for housing at Prosperity Ridge Apartments?+
Prosperity Ridge Apartments 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.
Who manages Prosperity Ridge Apartments?+
Prosperity Ridge Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Cabarrus County, NC?+
For a 4-person household in Cabarrus County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,100, Low Income (80% AMI): $67,350. These limits are set by HUD and updated annually.
Who is eligible to live at Prosperity Ridge Apartments?+
Prosperity Ridge Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Kannapolis, NC?+
Based on Fair Market Rent for Cabarrus County, the estimated price range is: 1-bedroom: $1384, 2-bedroom: $1554. Actual rent at Prosperity Ridge Apartments may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Prosperity Ridge Apartments
Brooke Pointe Apartments
Concord, NC
106 UnitsThe Reserve At Grace'S Point
Kannapolis, NC
0 UnitsThe Reserve At Grace'S Point
Kannapolis, NC
0 UnitsForest Park Crossing
Kannapolis, NC
56 UnitsColdwater Ridge Apartments
Kannapolis, NC
60 UnitsOak Crest Apts
Kannapolis, NC
100 Units