Affordable Housing In Hendersonville
Henderson County, North Carolina

16 Low Income Apartment Communities In Hendersonville

Cedar Terrace

140 South Church St. Suite E
Hendersonville, NC
Call For Rent
2-3 BR
HCV Welcome

East Winds Apartments

20 Wilmont Dr
Hendersonville, NC
62+
Accessible
Subsidized

King Creek Cottages

201 King Creek Blvd
Hendersonville, NC
Accessible
Disabled Supportive Housing
Subsidized

Cac of High Point at Hendersonville

737 Knollwood Dr
Hendersonville, NC
Accessible
Disabled Supportive Housing
Subsidized

Regal Oaks Apartments

1310 Old Spartanburg Rd
Hendersonville, NC
62+
Accessible
Elderly Supportive Housing
Subsidized

Highland View Apartments

500 King Creek Blvd
Hendersonville, NC
HCV Welcome

919 Foster Cir

919 Foster Cir
Hendersonville, NC

815 7th Ave E

815 7th Ave E
Hendersonville, NC

Parkview Apartments

110 Glover St
Hendersonville, NC
HCV Welcome

North Carolina Dept. Comm

715 Connor Ave
Hendersonville, NC
HCV Welcome

There are 16 low income housing apartment complexes which contain 883 affordable apartments for rent in Hendersonville. Many of these rental apartments are income based housing with 607 apartments that set rent based on your income. In Hendersonville, HUD housing programs support 30 rental assistance apartments through programs like Project-based Section 8. There are 276 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Hendersonville

Housing Authority Programs
Hendersonville Housing Authority Public Housing

Other Housing Authorities located in Hendersonville

Housing Authority Programs
Western Carolina Community Action Inc. Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Hendersonville, North Carolina

Hendersonville, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 883
Total Rent Assisted Apartments 607
Percentage of Housing Units Occupied By Renters 56.14%
Average Renter Household Size 2.17
Total Population 13,457
Housing Units 6,193
Average Household Size 2.09
Median Household Income $33,937 ±$2,797
Median Rent $747 ±$57
Percentage Of Renters Overburdened 53.61% ± 7.06pp

Population and Household Demographics

Hendersonville is a City in Henderson County, North Carolina with a population of 13,457. There are 6,193 households in the city with an average household size of 2.09 persons. 56.14% of households in Hendersonville are renters.

Income and Rent Overburden in Hendersonville

The median gross income for households in Hendersonville is $33,937 a year, or $2,828 a month. The median rent for the city is $747 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hendersonville, a household making less than $2,490 a month would be considered overburdened when renting an apartment at or above the median rent. 53.61% of households who rent are overburdened in Hendersonville.1

Area Median Income In Hendersonville

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hendersonville, the AMI is calculated from all households within Henderson County.

In Hendersonville, HUD calculates the Area Median Income for a family of four as $66,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Hendersonville

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Hendersonville HUD Rental Assistance in Hendersonville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,950 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,250 $26,600 $29,900 $33,200 $35,900 $38,550 $41,200 $43,850
80% of Median $37,200 $42,500 $47,800 $53,100 $57,350 $61,600 $65,850 $70,100
Low Income Housing Tax Credits in Hendersonville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 2007, 5 low income apartment communities containing 256 rental apartments have been constructed and made affordable to low income persons in Hendersonville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Hendersonville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,250 $26,600 $29,900 $33,200 $35,900 $38,550 $41,200 $43,850
60% of Median $27,900 $31,920 $35,880 $39,840 $43,080 $46,260 $49,440 $52,620

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Hendersonville is $35,880 a year, or $2,990 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,990 by 30% to get a maximum rent of $897 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $581 $623 $748 $864 $964 $1,063
60% $698 $748 $897 $1,037 $1,157 $1,276
Fair Market Rents in Hendersonville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$794 $799 $993 $1,356 $1,744