About This Property
Forest Park Gardens Phase I offers 40 low-income units in Statesville, NC, comprised of eight 1-bedroom and thirty-two 2-bedroom apartments. The property has served families since 1996 and receives funding through the HOME program and 9% LIHTC credits. Residents can contact the property management office for leasing information and unit availability.
Waitlist Information
Waitlist managed by Statesville Housing Authority
Provides rental housing for eligible low-income families, the elderly, and persons with disabilities. This is a 'No Smoking' community inside of units. Must meet all HUD guidelines and regulations, and all SHA's eligibility requirements.
Assists very low-income families, the elderly, and the disabled to afford housing in the private market. Participants can find their own housing. Rental units must meet minimum standards of health & safety. Must meet all HUD guidelines and regulations, and all SHA's eligibility requirements.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Iredell 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 | $1,046 |
| 1 Bedroom | $1,075 |
| 2 Bedroom | $1,207 |
| 3 Bedroom | $1,652 |
| 4 Bedroom | $2,048 |
Income Limits - Iredell County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,650
- Very Low (50%)
- $24,400
- Low (80%)
- $39,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,900
- Low (80%)
- $44,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,400
- Low (80%)
- $50,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,050
- Low (80%)
- $73,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,650 | $24,400 | $39,050 |
| 2 Persons | $17,420 | $27,900 | $44,600 |
| 3 Persons | $21,960 | $31,400 | $50,200 |
| 4 Persons | $26,500 | $34,850 | $55,750 |
| 5 Persons | $31,040 | $37,650 | $60,250 |
| 6 Persons | $35,580 | $40,450 | $64,700 |
| 7 Persons | $40,120 | $43,250 | $69,150 |
| 8 Persons | $44,660 | $46,050 | $73,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Statesville, NC?+
The Fair Market Rent (FMR) for Iredell County, NC is: $1046 (Studio), $1075 (1BR), $1207 (2BR), $1652 (3BR), $2048 (4BR). Actual rent at subsidized properties like Forest Park Gardens Phase I is typically 30% of household income or less.
What size apartments are available at Forest Park Gardens Phase I?+
Forest Park Gardens Phase I offers the following unit types: 8 One-Bedroom, 32 Two-Bedroom units, for a total of 40 units.
Who is eligible to live at Forest Park Gardens Phase I?+
Forest Park Gardens Phase I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Iredell County, NC?+
For a 4-person household in Iredell County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,850, Low Income (80% AMI): $55,750. These limits are set by HUD and updated annually.
How do I apply for housing at Forest Park Gardens Phase I?+
Forest Park Gardens Phase I 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 Statesville, NC?+
Based on Fair Market Rent for Iredell County, the estimated price range is: 1-bedroom: $1075, 2-bedroom: $1207. Actual rent at Forest Park Gardens Phase I may be lower for income-eligible households.
Who manages Forest Park Gardens Phase I?+
Forest Park Gardens Phase I is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Forest Park Gardens Phase I?+
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
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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