About This Property
416 Redcross St in Wilmington, NC contains two one-bedroom units designated as low-income housing. The property has been in service since 1990 and operates under 4% Low-Income Housing Tax Credit financing. Both units serve eligible low-income households in New Hanover County.
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 Redcross St is typically 30% of household income or less.
What size apartments are available at 416 Redcross St?+
416 Redcross St offers the following unit types: 2 One-Bedroom units, for a total of 2 units.
Is there a waitlist for 416 Redcross St?+
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 manages 416 Redcross St?+
416 Redcross St is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at 416 Redcross St?+
416 Redcross St 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 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.
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 Redcross St may be lower for income-eligible households.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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