Low Income Senior Housing Charlotte Nc

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Is There Low Cost Senior Housing In Charlotte

Affordable housing for seniors in Charlotte awaiting approval

Charlotte is not the only city that is seeing an influx of its senior population. As a seniors medical needs rise and their capabilities diminish, seniors tend to move into more populated areas that have better supporting services and medical providers. But more populated areas also come packaged with a higher cost of living, including monthly rent payments. 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.

Low cost senior housing properties are typically community-based apartments with reasonably-priced monthly rents made available for lower-income seniors. The main purpose of low cost senior housing is to allow the elderly to have enough money left to pay for other monthly expenses such as medication, grocery and other things like durable medical equipment.

Low cost senior housing is usually a result of a collaboration between the government and qualified housing providers. The rent seniors have to pay is usually determined by the resident’s monthly adjusted income. While the elderly resident will only pay a small, pre-determined portion of the actual rent, the government will pay the remainder of the rent to the housing provider so that they receive full market value for rent each month. This helps to incentivize developers of multifamily units to create low income living spaces for the elderly in and around Charlotte.

There Are 59 Low Income Housing Apartment Complexes In Charlotte North Carolina

Low Income Housing Types:

  • Non profit senior and family low income apartments
  • Low income tax credit apartments
  • Rental Assistance ProgramsLow Income/Affordable Housing in Charlotte, NC statistics

    How does income and housing costs in Charlotte compare with North Carolina income averages.

    Average affordable monthly apartment cost in Charlotte $568.00
    State of North Carolina Median Income $96,300
    State of North Carolina Median Metropolitan Income $62,700
    State of North Carolina Median Non-Metropolitan Income $48,700

    Low Income Housing Apartments In Charlotte Nc

    Sharon Manor Homes Affordable Apartments for Seniors

    4703 N Sharon AmitCharlotte, NC – 28205

    Section 8 approved units:39 The fair market rate for 2 bedroom apartments in this area is: $793 Amen …

    Section 8

    1005 West Trade StCharlotte, NC – 28202

    3327 N. Davidson SCharlotte, NC – 28205

    3601 Central AvenuCharlotte, NC – 28205

    St. Andrews is an independent-living affordable housing community reserved for adults 55+. Offers s …

    2120 LaSalle StreeCharlotte, NC – 28216

    Managed by Excel Property Management a company specializing in affordable housing. Most apartments …

    819 Cotton StreetCharlotte, NC – 28210

    Section 8 approved units : 72 The fair market rate for 2 bedroom apartments in this area is: $ …

    Section 8

    5028 Hickory GroveCharlotte, NC – 28215

    1 bdrm / 2 bdrm

    3501 Wheatley AvenCharlotte, NC – 28202

    Subsidized, Low-Rent Apartments for low income for seniors 168 units/2 stories. Most apartments th …

    Senior Housing

    3137 Heathstead PlCharlotte, NC – 28210

    1 bdrm / 2 bdrm / 3 bdrm

    4218 Sofley RoadCharlotte, NC – 28206

    1 bdrm

    3145 Heathstead PlCharlotte, NC – 28210

    1 bdrm / 2 bdrm

    8936 Sharonbrook DCharlotte, NC – 28210

    1 bdrm

    3950 Freedom DriveCharlotte, NC – 28208

    1 bdrm

    5712 Leake StCharlotte, NC – 28208

    1 bdrm / 2 bdrm / 3 bdrm / 4 bdrm

    2008 Summey AvenueCharlotte, NC –

    1 bdrm

    Poplar Grove Apartments Affordable for Seniors

    421 N Poplar StCharlotte, NC – 28202

    This is a 260 UNITS low income apartment for senior , offers studio, 1 bedroom, and 2 bedroom …

    1 bdrm

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    Charlotte Nc Low Income Housing

    We list 41 Low Income Apartment complexes in or near Charlotte, NC Our listings include: 1. Privately owned subsidized housing apartments. 2. Public Housing apartments. These are owned by the state. They are affordable rentals for families who are low income, seniors, or disabled. We list the local housing authorities. They may have information on how to help you with your rental payments. 3. Housing Choice Voucher aka Section 8 listings. Contact your public housing authority to apply. Note: Most of these Section 8 lists are closed or have extended waiting lists. We display monthly rates for the apartments when possible. Most of subsidized apartments base the rent on income, therefore, you will need to contact the apartment directly for rates. We list all pertinent contact information.

    Less than 1/4 of all HUD eligible households receive housing due to the current shortage of available housing. 2013 Harvard’s Joint Center for Housing

    Diocese Of Charlottehousing Corporation

    Charlotte, NC Low Income Housing

    The Catholic Diocese of Charlotte Housing Corporation , formed in 2001 by the Most Reverend William G. Curlin, is an outreach of the Diocese of Charlotte that aims to provide affordable housing for people in need. Its territory spans the western 46 counties of North Carolina and its operations are funded largely by contributions from the annual Diocesan Support Appeal.


    To develop, operate and market high-quality housing, and to prioritize services and programs for our residents that will enrich their lives, and contribute to their physical, psychological, social and spiritual well-being.


    To bring the love of Christ to the underserved peoples and communities of Western North Carolina, through the delivery of quality housing and the coordination of specialized services and programs.

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    How To Look For Senior Housing Options In Charlotte Nc

    Looking for senior housing can really be a challenge, especially if you are on a tight budget. 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. Seniors that have more flexibility in location can search for living options available in other cities that are nearby. If a senior performs a search for Charlotte low income senior living near me on a search engine they can expand their search radius of the results presented to see a list of other options available outside of Charlotte city center.

    Seniors that have limited incomes can also search for available options online through government websites such as Likewise, senior living search websites such as can help older adults find affordable housing options in and around the Charlotte area.

    Seniors may also call a local Public Housing Authority for information on available housing options within the authority’s area of jurisdiction. 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.

    How The Low Income Housing Tax Credit Works For Seniors In Charlotte

    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. The tax credits are an incentive for developers to build new housing or acquire and rehabilitate existing housing units to help give housing options to low income households.

    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. Therefore, a senior resident who is looking for a Charlotte subsidized senior housing unit can probably find one under the LIHTC program.

    However, program applicants should understand that a community that accepts LIHTC residents is not necessarily exclusive to seniors. The community owner has the choice of designating which units to set aside for seniors and which units to rent at full prices. Therefore, seniors that choose a LIHTC program should expect to live in a community with a mixed age group. It is important to carefully evaluate a unit to ensure that it is a safe option for a senior that may have physical challenges.

    Also Check: Senior Citizen Low Income Housing

    Charlotte Sees Boom In Development For Senior Living

    The Charlotte Post, Ashley Fahey, March 29, 2019

    One of the largest generations today baby boomers have already entered or will soon enter the 65-plus age bracket.

    Its projected that not only will the U.S. senior population rise dramatically over the next decade or so, but the number of seniors will eventually outnumber just about any other age group, putting increased pressure on housing, medical care and other needs tailored to that demographic.

    Ten thousand folks a day are turning 65 in the next 18 to 19 years, said Suzanne Pugh, president and CEO of Aldersgate, a senior living community in east Charlotte. In less than 20 years, 20% to 25% of the population is going to be over 65, which has never happened before.

    Today, the 65-plus population in Mecklenburg County comprises about 10% of all residents, according to county and U.S. Census data lower than North Carolina and the United States, both of which are about 15%. But the number of older adults here and elsewhere continues to rise quickly the senior population grew 3% annually here from 2000 to 2010, according to Mecklenburg County data.

    Senior housing has also become a more attractive sector for commercial real estate investment, in direct response to changing demographics nationally.

    Should rezoning be approved, the goal would be to begin construction by the fall of 2021 after pre-selling at least 70% of the units, Pugh said. Delivery is currently projected for the fall of 2023.

    Prosperity Creek Senior Apartments

    New low-income housing complex opening in east Charlotte, rent starts at $500 per month

    Prosperity Creek Senior Apartments Details

    • 168 bedroom units.
    • Low-Income Housing Tax Credit

    Low-Income Housing Tax Credit

    Since this property has received funding in part through the Low Income Housing Tax Credit program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income . Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

    Public Housing

    Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

    Charlotte HUD Rental Assistance Income Qualifications

    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.

    AMI Band

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    The Mulberry Senior Living Apartments

    5945 Tuckaseegee Road,Charlotte,North Carolina 28208

    Youll find a perfect match for your lifestyle at The Mulberry Senior Living Apartment Community. Ideally located just on the outskirts of Downtown Charlotte, you’ll enjoy all of the essential conveniences within reach, while also being able to relax and unwind in their beautifully secluded residential setting. Designed with exceptional attention to detail, you will fall in love with their bright one and two bedroom apartment homes.

    The Mulberry Senior Living Apartments Details

    • 104 one and two bedroom units.
    • Low-Income Housing Tax Credit

    Property Amenities


    Low-Income Housing Tax Credit

    Since this property has received funding in part through the Low Income Housing Tax Credit program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income . Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

    The Mulberry Senior Living Apartments is managed by S.L Nusbaum Realty Co.

    Why Are Aging Adults Moving To Charlotte Nc

    There has been a steady increase in the need for Charlotte low income senior living apartments within the city and surrounding suburbs. This increase is not surprising since Charlotte, North Carolina, has been consistently included in Forbes’s best places for people over 55 to retire. Likewise, Charlotte is filled with facilities, magnet hospitals, and fitness centers that cater to the senior population.

    On top of that, Charlotte is attracting an influx of seniors because the medical costs in Charlotte are 5% lower than the national average. As a result, Charlotte is a great city to live in for seniors because of more affordable medical costs and easy access to senior health care facilities.

    For real estate developers, the influx of seniors moving into Charlotte means more housing needs to be to be made available. Many of these seniors do not have the ability to purchase a home and many that can purchase wont because of the upkeep involved. 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. Of course, since affordability is relative, what is affordable to one senior in terms of rent may not be affordable to another.

    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. This burden can seriously limit the amount that seniors can afford for rent payments.

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    What Are Senior Apartments

    Senior apartments offer a no-frills housing option for active and independent seniors. Units are often designed with senior-friendly features for accessibility, such as elevators and wide doorways. In general, senior apartments dont provide health care services or daily assistance. Many senior apartments include:

    Charlotte North Carolina Low Income Senior Apartments

    St. Andrews Homes Senior Apartments

    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. 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. This means that there will be one senior citizen for every 5 Americans. However, with the increase in the senior population comes a pretty big housing problem. While about two-thirds of the seniors own homes, nearly 21 million seniors rent.

    Since the number of seniors that rent versus owning their housing has increased, it has had a profound impact on real estate. 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. One of the cities that has seen the rise of senior migration is Charlotte, NC.

    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:

    Also Check: Lantern Hill Senior Living Community

    Section 202 Affordable Senior Housing

    Section 202, also known as the Affordable Senior Housing Program, expands HUD’s Section 8 program with the additional provisions of supportive services for the elderly. 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. This program aims to give qualified housing developers incentives to build more affordable housing options for the increasing elderly population.

    Another component of Section 202 is to subsidize rents for the elderly tenants who live in a Section 202 property. HUD contributes the rental subsidies directly to qualified landlords to supplement the rental payments. The senior tenants will shoulder only a small part of the rent, which is usually about 30% of their Monthly Adjusted Income or MAI. 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 nice thing about Section 202 apartments is that applying for the program is quite easy. Usually a senior only has to call a property they are interested in to go through the qualification process.

    Section 202 Senior Housing Eligibility

    Applicants must be 62 years and older and must be classified as having a low income. However, income classifications are dependent on the AMI of each area. Some states define low income as having a total income less than 30 to 80 percent of the AMI.

    In North Carolina, the definition of low income is when a household’s total income is below 30% of the AMI of the state. For example, based on the available data, the AMI for Charlotte, NC, is $62,817.00. Therefore, for seniors to be eligible for Section 202, the household’s total income must be less than $18,845.10 per year.

    North Carolina also requires a household member to be either a US citizen or a naturalized alien resident. In addition, seniors applying should not have a criminal record. Any criminal activity are grounds for a resident to be evicted from their unit, and this includes Charlotte Low Income Apartments for Senior Citizens. Tenants that are found to be ineligible for Section 202 program can reapply after three years.

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    How To Qualify For Low Income Housing

    Qualifying for low income senior apartments in Charlotte will differ based on the housing program applied for. For example, housing programs that are offered only to senior tenants will have more stringent eligibility requirements. Nevertheless, a senior tenant who wants to be eligible for low cost housing programs should meet the following criteria.

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