About This Property
The Villas At Fallen Spruce contains 55 low-income units in Asheville, NC, serving elderly residents with a mix of 12 one-bedroom and 43 two-bedroom apartments. Placed in service in 2015, the property receives 9% Low-Income Housing Tax Credits and HOME funding. The development is managed for households earning below area median income.
Waitlist Information
Waitlist managed by Housing Authority of the City of Asheville
The Public Housing waitlist is open and applies to properties owned by the Asheville Housing Authority, including Maple Crest Apartments. Applications are accepted online only. Eligibility is based on Very Low Income Limits, a background check, and any monies owed to the HA or other Public Housing agencies.
The HCV Tenant-Based Voucher waitlist is open, which also includes Tenant-Mobility Vouchers available exclusively to HACA’s PBV-RAD participants after completing one year of residency. Applications are accepted online only. Eligibility is based on total annual gross income, family size, and US citizenship or eligible immigration status, generally not exceeding 50% of the median income for the area. 75% of vouchers must be provided to applicants whose incomes do not exceed 30% of the area median income.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Buncombe County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,428 |
| 1 Bedroom | $1,496 |
| 2 Bedroom | $1,680 |
| 3 Bedroom | $2,160 |
| 4 Bedroom | $2,851 |
Income Limits - Buncombe County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,300
- Low (80%)
- $42,100
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,550
- Low (80%)
- $60,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,300 | $42,100 |
| 2 Persons | $18,050 | $30,050 | $48,100 |
| 3 Persons | $21,960 | $33,800 | $54,100 |
| 4 Persons | $26,500 | $37,550 | $60,100 |
| 5 Persons | $31,040 | $40,600 | $64,950 |
| 6 Persons | $35,580 | $43,600 | $69,750 |
| 7 Persons | $40,120 | $46,600 | $74,550 |
| 8 Persons | $44,660 | $49,600 | $79,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Asheville, NC?+
The Fair Market Rent (FMR) for Buncombe County, NC is: $1428 (Studio), $1496 (1BR), $1680 (2BR), $2160 (3BR), $2851 (4BR). Actual rent at subsidized properties like The Villas At Fallen Spruce is typically 30% of household income or less.
What size apartments are available at The Villas At Fallen Spruce?+
The Villas At Fallen Spruce offers the following unit types: 12 One-Bedroom, 43 Two-Bedroom units, for a total of 55 units.
Who manages The Villas At Fallen Spruce?+
The Villas At Fallen Spruce is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at The Villas At Fallen Spruce?+
The Villas At Fallen Spruce is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Asheville, NC?+
Based on Fair Market Rent for Buncombe County, the estimated price range is: 1-bedroom: $1496, 2-bedroom: $1680. Actual rent at The Villas At Fallen Spruce may be lower for income-eligible households.
What are the income limits for affordable housing in Buncombe County, NC?+
For a 4-person household in Buncombe County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,550, Low Income (80% AMI): $60,100. These limits are set by HUD and updated annually.
Who is eligible to live at The Villas At Fallen Spruce?+
The Villas At Fallen Spruce primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for The Villas At Fallen Spruce?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
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