Affordable Housing
Affordable Housing Program in Charlotte
Park at Caterina is an active participant in the Affordable Housing Program, offering affordable housing solutions to all tenants who qualify based on annualized household income limits. Before submitting an application, please review the application checklist below to ensure that you qualify for Essential Housing.
Do I Qualify?
To qualify for an apartment under the affordable housing program (60% or 80% AMI), total household income must be at least 2.5x your monthly rent without exceeding the income limits of the chart outlined below. For example, if your household is one person, your gross annual income must be less than $45,713.00 to qualify for a 60% AMI apartment.
Note: All presented incomes are based on GROSS annual income (income before taxes).
City of Charlotte Household Income Requirement
| Household Members | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| 60% AMI | $47,160 | $53,880 | $60,600 | $67,320 | $72,720 | $78,120 | $83,520 | $88,920 |
| 80% AMI | $62,850 | $71,800 | $80,800 | $89,750 | $96,950 | $104,150 | $113,000 | $118,500 |
Income Verification
- Provide three paycheck stubs from the current tax year or an income verification letter from current employer or an award letter from SSI- ALL pages must be included and be one-sided
- If self-employed, provide tax return from the most recent tax year
- Make 2.5x the monthly rent payment
Pre-Qualification Requirements
To complete the application process, you will be required to produce the following:
- Complete application for every household member 18 years of age and older
- Income Verification Items
- Additional documents that may be required depending on each person’s individual income and assets