North Carolina

Tax credit apartments in Lexington, NC

HUD's database lists 8 properties in Lexington built or rehabbed with low-income housing tax credits: 697 apartments, 696 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 Listings come from HUD's database and may be out of date.

East Center Village

520 East Center Street, Lexington, NC 27292

HUD lists it as senior housing · 34 1BR, 20 2BR

Apartments
54
Income-restricted
54
Placed in service
2025

Forest Hill Apartments

900 Apex Drive, Lexington, NC 27295

50 2BR, 34 3BR, 4 4BR

Apartments
88
Income-restricted
88
Placed in service
2013

Harmony Court And Caple Commons

1 Jamaica Drive, Lexington, NC 27293

8 1BR, 76 2BR, 52 3BR, 2 4BR

Apartments
138
Income-restricted
138
Placed in service
2015

Hill Top Terrace Apartments

111 N Carolina Ave, Lexington, NC 27292

2 studio, 60 1BR, 2 2BR

Apartments
64
Income-restricted
63
Placed in service
2012

Jackson Square

100 Jackson Square Drive, Lexington, NC 27295

8 1BR, 32 2BR, 16 3BR

Apartments
56
Income-restricted
56
Placed in service
2014

Southside Apartments

100 Federal Street, Lexington, NC 27292

2 studio, 20 1BR, 40 2BR, 46 3BR, 22 4BR

Apartments
130
Income-restricted
130
Placed in service
2015

The Arbor At Cotton Grove

100 Cotton Grove Circle, Lexington, NC 27292

8 1BR, 42 2BR, 30 3BR

Apartments
80
Income-restricted
80
Placed in service
n/a

The Club Apartments

6 London Court B, Lexington, NC 27292

18 1BR, 25 2BR, 24 3BR, 20 4BR

Apartments
87
Income-restricted
87
Placed in service
2023

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.