About This Property
Jackson Terrace offers 16 affordable units in Carthage, NC, serving elderly residents with a mix of 12 one-bedroom and four two-bedroom apartments. The property has been in service since 1997 and receives funding through the HOME program with 9% Low-Income Housing Tax Credits. Prospective residents should contact the property directly for current availability and application information.
Property Details
Fair Market Rent - Moore 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 | $863 |
| 1 Bedroom | $886 |
| 2 Bedroom | $995 |
| 3 Bedroom | $1,402 |
| 4 Bedroom | $1,689 |
Income Limits - Moore County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,100
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $18,400
- Very Low (50%)
- $30,600
- Low (80%)
- $49,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,450
- Low (80%)
- $55,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,350
- Low (80%)
- $66,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,400
- Low (80%)
- $71,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,450
- Low (80%)
- $75,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,500
- Low (80%)
- $80,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,100 | $26,800 | $42,850 |
| 2 Persons | $18,400 | $30,600 | $49,000 |
| 3 Persons | $21,960 | $34,450 | $55,100 |
| 4 Persons | $26,500 | $38,250 | $61,200 |
| 5 Persons | $31,040 | $41,350 | $66,100 |
| 6 Persons | $35,580 | $44,400 | $71,000 |
| 7 Persons | $40,120 | $47,450 | $75,900 |
| 8 Persons | $44,660 | $50,500 | $80,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carthage, NC?+
The Fair Market Rent (FMR) for Moore County, NC is: $863 (Studio), $886 (1BR), $995 (2BR), $1402 (3BR), $1689 (4BR). Actual rent at subsidized properties like Jackson Terrace is typically 30% of household income or less.
What size apartments are available at Jackson Terrace?+
Jackson Terrace offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
What is the price range for apartments in Carthage, NC?+
Based on Fair Market Rent for Moore County, the estimated price range is: 1-bedroom: $886, 2-bedroom: $995. Actual rent at Jackson Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in Moore County, NC?+
For a 4-person household in Moore County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,250, Low Income (80% AMI): $61,200. These limits are set by HUD and updated annually.
How do I apply for housing at Jackson Terrace?+
Jackson Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Jackson Terrace?+
Jackson Terrace is managed by . You can reach them at .
Who is eligible to live at Jackson Terrace?+
Jackson Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.