Cherry Knoll

About This Building

Title: Cherry Knoll: Affordable Housing in Rutherfordton, NC Heading 1: Description and Eligibility Cherry Knoll offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. If you are seeking an affordable place to live, these rental apartments have income and rent restrictions in place. The LIHTC program encourages developers and builders to create housing for individuals with low income. Heading 2: Rent and Income Restrictions To ensure affordability, the maximum rent charged at Cherry Knoll is determined based on the Area Median Income (AMI). However, it is important to note that the AMI calculation may render these apartments unaffordable for some low-income individuals. To determine if Cherry Knoll fits within your budget, please check the current rental rates. Heading 3: Apartment Details Cherry Knoll provides a total of 28 one and two bedroom apartments designed for low-income individuals. These apartments are intended to cater to the needs of individuals seeking affordable housing solutions. Heading 4: Office Hours and Waiting Lists The office at Cherry Knoll operates on Tuesdays and Thursdays from 8 am to 5 pm. It is worth noting that most apartments nowadays have waiting lists. To inquire about availability and to check if you qualify to reside at Cherry Knoll, please contact them directly using the phone number provided. Heading 5: Apartment Types Cherry Knoll offers both one and two-bedroom apartments. The availability of these apartment types may vary, so please reach out to the management for further information.