# Stanly County

### Summary

- **25.7%** share of renter households
- **49.3%** share of low-income households
- **33.1%** share of rent-burdened households

### Renter population data

| Households                  | % share  |
|----------------------------|----------|
| Renter households           | 6,075    |
| Homeowner households        | 17,558   |
| Total households            | 23,633   |
| Low-income renter households | 2,996    |

#### Renter households by income group

| Households                  | % share  |
|----------------------------|----------|
| Extremely low-income (≤30% AMI) | 844    |
| Very low-income (31-50% AMI)   | 1,081  |
| Low-income (51-80% AMI)        | 1,071  |
| All low-income households (<80% AMI) | 2,996  |

#### Rent-burdened households

| Households                  | % share  |
|----------------------------|----------|
| Moderately rent-burdened   | 931      |
| 30.0–34.9%                 | 376      |
| 35.0–39.9%                 | 230      |
| 40.0-49.9%                 | 325      |
| Severely rent-burdened     | 1,081    |
| ≥50.0%                     | 1,081    |
| All rent-burdened households | 2,012  |

### Affordable housing shortage

| Item                                    | Amount ($)   |
|-----------------------------------------|--------------|
| **Median household income** - 2010      | 28,197       |
| **Median household income** - 2021      | 32,417       |
| **Increase (2010–2021)**                | 15.0%       |
| **Median rent** - 2010                   | 402          |
| **Median rent** - 2021                   | 535          |
| **Increase (2010–2021)**                | 33.1%       |

#### Affordable housing stock

| Item                           | Units  |
|--------------------------------|--------|
| Supply (current stock)        | 420    |
| Demand (total units needed)   | 1,617  |
| Shortage                       | 1,352  |
| Supply/Demand ratio            | 26.0%  |

## HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                                | Type                                     | Year | Zipcode | Market Rate | Low-income | Amount        |
|-------------------------------------|------------------------------------------|------|---------|-------------|------------|---------------|
| HIGHBRIDGE OVERLOOK                 | New construction                         | 2014 | N/A     | N/A         | 60% AMI    | $1,804,887    |
| IRVINGTON FAMILY APTS               | New construction                         | 2007 | N/A     | N/A         | 60% AMI    | $1,378,252    |
| HILLTOP VILLAGE                     | New construction - Acquisition and Rehab | 2012 | N/A     | N/A         | 60% AMI    | $504,385      |
| HUNTINGTON RESERVE                  | New construction                         | 2006 | N/A     | N/A         | 60% AMI    | $424,046      |
| HOLT + HAMILTON FAMILY APARTMENTS   | New construction                         | 2016 | N/A     | N/A         | 60% AMI    | $1,557,010    |
| INTERVALE GARDENS LLC               | New construction                         | 2008 | N/A     | N/A         | 60% AMI    | $659,087      |
| HOMES OF RENAISSANCE PRESERVE II    | New construction                         | 2012 | N/A     | N/A         | 60% AMI    | $1,510,000    |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                   | 2013 | N/A     | N/A         | 60% AMI    | $674,261      |
| IMPERIAL GARDENS FAMILY APTS        | New construction                         | 2009 | N/A     | N/A         | 60% AMI    | $1,142,750    |
| HOLLY HEIGHTS I + II APARTMENTS     | Acquisition and Rehab                   | 2016 | N/A     | N/A         | 60% AMI    | $435,816      |
| HILTON SENIOR APTS                  | New construction                         | 2007 | N/A     | N/A         | 60% AMI    | $242,084      |
| JEFFERSON AVENUE                    | New construction                         | 2020 | N/A     | N/A         | 60% AMI    | $0            |
| INGRAM PRESERVATION                 | Acquisition and Rehab                   | 2005 | N/A     | N/A         | 60% AMI    | $390,500      |
| JACOB'S HILL                        | New construction                         | 2006 | N/A     | N/A         | 60% AMI    | $1,420,505    |
| HOWARD AVENUE CLUSTER               | Acquisition and Rehab                   | 2006 | N/A     | N/A         | 60% AMI    | $50,769       |
| JACKSON TERRACE                     | Acquisition and Rehab                   | 2006 | N/A     | N/A         | 60% AMI    | $1,557,608    |