Tidewater Townhomes

355 Greendale Drive, Wilmington, North Carolina 28405

Contact Tidewater Townhomes

Set on a lovely tree lined street, with all the convenience of city living. Public transportation located at the front entrance. all schools from kindergarten to high schools are located near by. Come live with us and enjoy the wonderful downtown river and river walk. Three beaches are just a fifteen minute ride away. Life is always good here at Tidewater Townhomes!

â€œOur â€œWorking Family Preferenceâ€ means that a family with at least 1 working member (or if the head, co-head, or sole member is age 62 or older, or is a disabled person) will be given preference over all other nonworking applicants.â€

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	632	$614
2 BR (2/1)	675	$703
3 BR (3/1.5)	701	$899
4 BR (4/2)	735	Income Based

Eligibility for Tidewater Townhomes

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Wilmington but actual income limits may differ for units at Tidewater Townhomes.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$18,950	$21,650	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$31,600	$36,100	$40,600	$45,100	$48,750	$52,350	$55,950	$59,550
80%	$50,550	$57,750	$64,950	$72,150	$77,950	$83,700	$89,500	$95,250

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Wilmington but actual income limits may differ for units at Tidewater Townhomes.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,600	$36,100	$40,600	$45,100	$48,750	$52,350	$55,950	$59,550
Low Income (60%)	$37,920	$43,320	$48,720	$54,120	$58,500	$62,820	$67,140	$71,460

Tidewater Townhomes Details

104 one, two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

Playground
Laundry Room
24hr Emergency Maintenance

Unit Amenities

Energy Efficient Appliances
Accent Walls
Custom Blinds
Wall-to-Wall Carpeting

Nearby Amenities

Close to Public Transportation
Near Park
Near Schools

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.