North Carolina

Tax credit apartments in Kannapolis, NC

HUD's database lists 11 properties in Kannapolis built or rehabbed with low-income housing tax credits: 929 apartments, 929 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Autumn Crest

905 Sears Street, Kannapolis, NC 28083

64 2BR, 23 3BR

Apartments: 87
Income-restricted: 87
Placed in service: 2015

Cabarrus Arms (Kimberly Ridge)

450 Cabarrus Arms Drive, Kannapolis, NC 28081

8 1BR, 40 2BR, 20 3BR, 8 4BR

Apartments: 76
Income-restricted: 76
Placed in service: n/a

Coldwater Ridge Apartments

1800 Coldwater Lane, Kannapolis, NC 28083

1 1BR, 35 2BR, 24 3BR

Apartments: 60
Income-restricted: 60
Placed in service: 2017

Coldwater Ridge Apartments II

2374 Coldwater Ridge Drive, Kannapolis, NC 28083

12 1BR, 36 2BR, 12 3BR

Apartments: 60
Income-restricted: 60
Placed in service: n/a

Forest Park Crossing

1065 Ridgeway Dr, Kannapolis, NC 28083

8 1BR, 24 2BR, 24 3BR

Apartments: 56
Income-restricted: 56
Placed in service: 2012

Maple Ridge

817 Genoa Street, Kannapolis, NC 28038

12 1BR, 36 2BR, 24 3BR

Apartments: 72
Income-restricted: 72
Placed in service: 2023

Oak Crest Apts

1701 Oak Crest Drive, Kannapolis, NC 28083

40 2BR, 48 3BR, 12 4BR

Apartments: 100
Income-restricted: 100
Placed in service: 1997

Prosperity Ridge Apartments

1430 El Paso Street, Kannapolis, NC 28083

HUD lists it as senior housing · 39 1BR, 21 2BR

Apartments: 60
Income-restricted: 60
Placed in service: n/a

South Emerson Hills Apartment Homes

320 North Avenue Extension, Kannapolis, NC 28083

49 1BR, 107 2BR, 42 3BR

Apartments: 198
Income-restricted: 198
Placed in service: 2023

University Park

2137 University Drive, Kannapolis, NC 28083

30 2BR, 40 3BR, 30 4BR

Apartments: 96
Income-restricted: 96
Placed in service: 2015

Villas At Forest Park

300 Sandy Ct, Kannapolis, NC 28083

HUD lists it as senior housing · 42 1BR, 22 2BR

Apartments: 64
Income-restricted: 64
Placed in service: 2009

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.