Salisbury, North Carolina · Rowan County
Ford City Motor Lofts
Ford City Motor Lofts is a low-income housing tax credit (Section 42) property at 419 S Main St, Salisbury, NC 28144 with 64 income-restricted apartments out of 64. In 2026 a household of four qualifies for a 60% unit here with income up to $50,040, and a 60% two-bedroom can charge at most $1,126 a month in gross rent.
Equal housing opportunity. Fair Housing Act protections apply, and tax credit properties can't turn down a Housing Choice voucher. Report discrimination to HUD at 1‑800‑669‑9777. LIHTC Atlas doesn't own, manage or rent these apartments.
Full fair housing notice
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 Listings come from HUD's database and may be out of date.
Property facts
- Address
- 419 S Main St, Salisbury, NC 28144 (map)
- County
- Rowan County
- Apartments
- 64
- Income-restricted apartments
- 64
- Bedrooms
- 2 studios, 38 one-bedrooms, 24 two-bedrooms
- Who it serves (HUD)
- Seniors
- Credits allocated
- 2021
- Construction
- Acquisition and rehab
- Nonprofit sponsor
- No
- Rental assistance
- Federal project-based assistance
- Census tract (2020)
- 37159052000
- HUD project ID
- NCA0000X497
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024), as the state allocating agency reported it. HUD lists the property as still monitored for compliance. Contact the property's management for current rents, availability and income rules.
2026 income limits and rents in Rowan County
To rent an income-restricted apartment here in 2026, a household's income has to be at or under the unit's limit: $35,040 for one person or $50,040 for four at 60% of area median, $29,200 or $41,700 at 50%. HUD's FY2026 median family income for the area (Rowan County, NC HUD Metro FMR Area) is $79,000.
HUD's record lists the property's elected income test as 60% of area median (the 40/60 test).
Income limits by household size, 2026
| Level | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI | $29,200 | $33,400 | $37,550 | $41,700 |
| 60% AMI | $35,040 | $40,080 | $45,060 | $50,040 |
Maximum gross monthly rent by unit size, 2026
| Level | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| 50% AMI | $730 | $782 | $938 | $1,084 | $1,210 |
| 60% AMI | $876 | $939 | $1,126 | $1,301 | $1,452 |
Source: HUD FY2026 MTSP income limits (files dated March 27, 2026). Rents are ceilings, gross of the utility allowance for tenant-paid utilities, computed by the IRS Publication 5913 method (30% of the limit for 1 person in a studio or 1.5 people per bedroom, over 12, rounded down); the rent the property charges can be lower. A project's limits can't fall below those of earlier years (IRC 142(d)(2)(E)), so a property already in service may use higher figures. All 2026 limits for Rowan County, every level from 20% to 80%.
How long the units stay affordable
HUD's record has no placed-in-service year for this property, so its compliance dates can't be worked out here. The 15-year compliance period starts in the first year of the credit period, and for credits allocated after 1989 an extended use agreement keeps the units restricted for at least 30 years in all (IRC 42(i)(1), 42(h)(6)).
QCT and DDA status
Its 2020 census tract, 37159052000, is not a Qualified Census Tract on HUD's 2027 list. ZIP code 28144 doesn't match a 2027 Small Difficult Development Area ZCTA.
The 2027 lists (HUD, Federal Register Doc. 2026-20390) govern allocations made after 2026, such as a resyndication; the property's original basis boost depended on the lists in force when it received credits. A ZIP code and its ZCTA usually match but not always. Check an exact address with the QCT and DDA lookup.
Other tax credit properties in Salisbury
- Pinnacle Ridge520 South Main Street · 60 restricted units
- Brenner Crossing610 Roy Leazer Ave · 80 restricted units
- Brenner Crossing II610 Roy Leazer Ave · 90 restricted units
- Gold Hill Apartments420 Gold Hill Drive · 80 restricted units
- Colonial Village Apartments231 D Avenue · 98 restricted units
- Whispering Oaks Apartments805 Newsome Road · 40 restricted units
All 16 properties in Salisbury. Nearby cities: Kannapolis (11), Lexington (8), Mocksville (6), Mooresville (10), Concord (13), Statesville (12).
How tax credit apartments work
Rent in an income-restricted unit is capped by the unit's size, not set by your income, and you qualify if your household earns at or under the unit's limit, usually 50% or 60% of the area median. You can apply with a Housing Choice voucher. How to qualify, step by step.