About This Property
416 Red Cross Street is a 2-unit affordable housing property in Wilmington, NC that has served low-income families since 1990. The building contains two 1-bedroom units designated for low-income occupancy. This property is managed as part of New Hanover County's affordable housing stock.
Waitlist Information
Waitlist managed by Housing Authority of the City of Wilmington
Preferences are given to families whose head or co-head is elderly or disabled, working a minimum of 20 hours a week, homeless living in a verified shelter, or displaced due to a federally declared disaster. A residency preference is given to applicants who live or work in New Hanover County.
Families with earnings of 50% or below the Wilmington area's average median income are candidates. Heads of households must be 18 or older. Eligibility includes qualifying as a family, submitting evidence of citizenship or eligible status, passing a background check, no status as a registered sex offender, no current or pending criminal charges, successfully passing a credit check, and no evictions or problems with previous landlords within the last three years. Outstanding balances from previous tenancies must be paid in full.
Waitlist data provided by section8waitlist.org
Updated June 6, 2026
Property Details
Fair Market Rent - New Hanover 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 | $1,027 |
| 1 Bedroom | $1,349 |
| 2 Bedroom | $1,515 |
| 3 Bedroom | $2,002 |
| 4 Bedroom | $2,561 |
Income Limits - New Hanover County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,000
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $18,300
- Very Low (50%)
- $30,500
- Low (80%)
- $48,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,300
- Low (80%)
- $54,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,100
- Low (80%)
- $60,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,150
- Low (80%)
- $65,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,200
- Low (80%)
- $70,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,300
- Low (80%)
- $80,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,000 | $26,700 | $42,700 |
| 2 Persons | $18,300 | $30,500 | $48,800 |
| 3 Persons | $21,960 | $34,300 | $54,900 |
| 4 Persons | $26,500 | $38,100 | $60,950 |
| 5 Persons | $31,040 | $41,150 | $65,850 |
| 6 Persons | $35,580 | $44,200 | $70,750 |
| 7 Persons | $40,120 | $47,250 | $75,600 |
| 8 Persons | $44,660 | $50,300 | $80,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wilmington, NC?+
The Fair Market Rent (FMR) for New Hanover County, NC is: $1027 (Studio), $1349 (1BR), $1515 (2BR), $2002 (3BR), $2561 (4BR). Actual rent at subsidized properties like 416 Red Cross Street is typically 30% of household income or less.
What size apartments are available at 416 Red Cross Street?+
416 Red Cross Street offers the following unit types: 2 One-Bedroom units, for a total of 2 units.
Is there a waitlist for 416 Red Cross Street?+
Public Housing waitlist is currently Closed. 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.
Who is eligible to live at 416 Red Cross Street?+
416 Red Cross Street primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Wilmington, NC?+
Based on Fair Market Rent for New Hanover County, the estimated price range is: 1-bedroom: $1349. Actual rent at 416 Red Cross Street may be lower for income-eligible households.
What are the income limits for affordable housing in New Hanover County, NC?+
For a 4-person household in New Hanover County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,100, Low Income (80% AMI): $60,950. These limits are set by HUD and updated annually.
Who manages 416 Red Cross Street?+
416 Red Cross Street is managed by . You can reach them at .
How do I apply for housing at 416 Red Cross Street?+
416 Red Cross Street is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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