About This Property
The Villas At Hope Crest is a 55-unit affordable housing community in Salisbury, NC that serves elderly residents. The property, placed in service in 2014, contains 24 one-bedroom units and 31 two-bedroom units funded through HOME and financed with 9% Low-Income Housing Tax Credits. All units are designated as low-income housing.
Waitlist Information
Waitlist managed by Rowan County Housing Authority
Serves families and senior/disabled individuals; families with children, elderly applicants, and disabled individuals may receive priority placement. Declining two invitations to apply will purge the application.
Families with children, elderly applicants, and disabled individuals may receive priority placement. Income limits apply, for example, a family of four in the Rowan County, NC HUD Metro FMR Area typically qualifies as Very Low Income with an annual household income up to $43,850.
Waitlist data provided by section8waitlist.org
Updated June 8, 2026
Property Details
Fair Market Rent - Rowan 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 | $925 |
| 1 Bedroom | $931 |
| 2 Bedroom | $1,121 |
| 3 Bedroom | $1,483 |
| 4 Bedroom | $1,702 |
Income Limits - Rowan County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,850
- Low (80%)
- $34,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,050
- Low (80%)
- $44,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,150
- Low (80%)
- $49,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,650
- Low (80%)
- $53,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,150
- Low (80%)
- $57,850
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,850
- Extremely Low (30%)
- $41,150
- Very Low (50%)
- $41,150
- Low (80%)
- $65,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,850 | $34,900 |
| 2 Persons | $17,420 | $24,950 | $39,900 |
| 3 Persons | $21,960 | $28,050 | $44,900 |
| 4 Persons | $26,500 | $31,150 | $49,850 |
| 5 Persons | $31,040 | $33,650 | $53,850 |
| 6 Persons | $35,580 | $36,150 | $57,850 |
| 7 Persons | $38,650 | $38,650 | $61,850 |
| 8 Persons | $41,150 | $41,150 | $65,850 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Salisbury, NC?+
The Fair Market Rent (FMR) for Rowan County, NC is: $925 (Studio), $931 (1BR), $1121 (2BR), $1483 (3BR), $1702 (4BR). Actual rent at subsidized properties like The Villas At Hope Crest is typically 30% of household income or less.
What size apartments are available at The Villas At Hope Crest?+
The Villas At Hope Crest offers the following unit types: 24 One-Bedroom, 31 Two-Bedroom units, for a total of 55 units.
Is there a waitlist for The Villas At Hope Crest?+
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.
Who is eligible to live at The Villas At Hope Crest?+
The Villas At Hope Crest primarily serves elderly residents. 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 Rowan County, NC?+
For a 4-person household in Rowan County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,150, Low Income (80% AMI): $49,850. These limits are set by HUD and updated annually.
What is the price range for apartments in Salisbury, NC?+
Based on Fair Market Rent for Rowan County, the estimated price range is: 1-bedroom: $931, 2-bedroom: $1121. Actual rent at The Villas At Hope Crest may be lower for income-eligible households.
Who manages The Villas At Hope Crest?+
The Villas At Hope Crest is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at The Villas At Hope Crest?+
The Villas At Hope Crest 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near The Villas At Hope Crest
Fleming Heights
Salisbury, NC
32 UnitsWestridge Village
Salisbury, NC
48 UnitsShaver St Apts
Salisbury, NC
0 UnitsCalvin Wiley School
Salisbury, NC
66 UnitsColonial Village Apartments
Salisbury, NC
98 Units
Housing Authority of the City of Salisbury
Salisbury, NC
0 Units