About This Property
Silver Springs Terrace comprises 100 low-income residential units in Hickory, NC, with a unit mix of eight 1-bedroom, thirty-four 2-bedroom, forty-two 3-bedroom, and sixteen 4-bedroom apartments. The property, placed in service in 2001, serves families and is financed through tax-exempt bonds and 4% low-income housing tax credits. The community offers housing options across multiple bedroom configurations for households meeting income eligibility requirements.
Waitlist Information
Waitlist managed by Western Piedmont Council of Governments
Eligibility requires income at or below 50% of HUD AMI; a preference-scoring model is used, and all adult household members must attend an application appointment for rental and criminal history review. Valdese Public Housing has a smoke-free policy.
A public hearing was held to receive comments on a revision to the Administrative Plan which increases the minimum monthly rent from $0 to $50 effective 8/1/2026. This suggests the program is active but does not provide current waiting list status.
Waitlist data provided by section8waitlist.org
Updated September 28, 2026
Property Details
Fair Market Rent - Catawba 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 | $806 |
| 1 Bedroom | $834 |
| 2 Bedroom | $1,014 |
| 3 Bedroom | $1,314 |
| 4 Bedroom | $1,506 |
Income Limits - Catawba County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,150
- Low (80%)
- $33,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,600
- Low (80%)
- $52,150
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $56,000
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $39,800
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,150 | $33,800 |
| 2 Persons | $17,420 | $24,150 | $38,600 |
| 3 Persons | $21,960 | $27,150 | $43,450 |
| 4 Persons | $26,500 | $30,150 | $48,250 |
| 5 Persons | $31,040 | $32,600 | $52,150 |
| 6 Persons | $35,000 | $35,000 | $56,000 |
| 7 Persons | $37,400 | $37,400 | $59,850 |
| 8 Persons | $39,800 | $39,800 | $63,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hickory, NC?+
The Fair Market Rent (FMR) for Catawba County, NC is: $806 (Studio), $834 (1BR), $1014 (2BR), $1314 (3BR), $1506 (4BR). Actual rent at subsidized properties like Silver Springs Terrace is typically 30% of household income or less.
What size apartments are available at Silver Springs Terrace?+
Silver Springs Terrace offers the following unit types: 8 One-Bedroom, 34 Two-Bedroom, 42 Three-Bedroom, 16 Four-Bedroom units, for a total of 100 units.
What are the income limits for affordable housing in Catawba County, NC?+
For a 4-person household in Catawba County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,150, Low Income (80% AMI): $48,250. These limits are set by HUD and updated annually.
How do I apply for housing at Silver Springs Terrace?+
Silver Springs Terrace 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.
Who is eligible to live at Silver Springs Terrace?+
Silver Springs Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Silver Springs Terrace?+
Silver Springs Terrace is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Silver Springs Terrace?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Hickory, NC?+
Based on Fair Market Rent for Catawba County, the estimated price range is: 1-bedroom: $834, 2-bedroom: $1014, 3-bedroom: $1314. Actual rent at Silver Springs Terrace may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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