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Message Tidewater Townhomes


Unit (Bd/Ba)Ft2Rent
1 BR (1/1)1Br./1Ba.632From $614Message
2 BR (2/1)2Br./1Ba.675From $703Message
3 BR (3/1.5)3Br./1.5Ba.701From $899Message
4 BR (4/2)4Br./2Ba.735Income BasedMessage

About 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!

“Our “Working Family Preference” 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.”

Tidewater Townhomes is a 104 unit affordable housing community in Wilmington, North Carolina. The community is located in the 3rd Congressional District of North Carolina.

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

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Project-Based Section 8

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Project Based Rental Assistance
Accepts Housing Choice Vouchers

Wilmington HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person

Wilmington Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person

Tidewater Townhomes was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD's Project Based Section 8 program. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a Project Based Section 8 Program unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Tidewater Townhomes has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Managed By Housing Management Resources
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