About This Property
Barringer's Trace is a 64-unit affordable housing community in Mt. Pleasant, NC that opened in 2016. The property contains nine one-bedroom units, thirty-seven two-bedroom units, and eighteen three-bedroom units designated for low-income families. The community is funded through 9% Low-Income Housing Tax Credits.
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mt Pleasant, 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 Barringer'S Trace is typically 30% of household income or less.
What size apartments are available at Barringer'S Trace?+
Barringer'S Trace offers the following unit types: 9 One-Bedroom, 37 Two-Bedroom, 18 Three-Bedroom units, for a total of 64 units.
Who manages Barringer'S Trace?+
Barringer'S Trace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Barringer'S Trace?+
Barringer'S Trace primarily serves families. 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 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.
What is the price range for apartments in Mt Pleasant, NC?+
Based on Fair Market Rent for Cabarrus County, the estimated price range is: 1-bedroom: $1384, 2-bedroom: $1554, 3-bedroom: $1936. Actual rent at Barringer'S Trace may be lower for income-eligible households.
How do I apply for housing at Barringer'S Trace?+
Barringer'S Trace 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.
Contact Information
Walk Score
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Nearby Schools
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