About This Property
Broad River Terrace comprises 62 low-income units serving families in Brevard, North Carolina. The property includes 8 one-bedroom, 36 two-bedroom, and 18 three-bedroom units and has been in service since 2011. The development is financed through 9% Low-Income Housing Tax Credits and is managed for long-term affordability.
Waitlist Information
Waitlist managed by Brevard Housing Authority
The Public Housing waiting list is currently closed. Information regarding future openings is not available on this page.
The Housing Choice Voucher (Section 8) waiting list is currently closed. Information regarding future openings is not available on this page.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Transylvania 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 | $853 |
| 1 Bedroom | $858 |
| 2 Bedroom | $1,128 |
| 3 Bedroom | $1,364 |
| 4 Bedroom | $1,738 |
Income Limits - Transylvania County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,700
- Low (80%)
- $33,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,650
- Low (80%)
- $37,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,600
- Low (80%)
- $42,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,550
- Low (80%)
- $47,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,950
- Low (80%)
- $51,100
- Extremely Low (30%)
- $34,300
- Very Low (50%)
- $34,300
- Low (80%)
- $54,900
- Extremely Low (30%)
- $36,650
- Very Low (50%)
- $36,650
- Low (80%)
- $58,700
- Extremely Low (30%)
- $39,050
- Very Low (50%)
- $39,050
- Low (80%)
- $62,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,700 | $33,150 |
| 2 Persons | $17,420 | $23,650 | $37,850 |
| 3 Persons | $21,960 | $26,600 | $42,600 |
| 4 Persons | $26,500 | $29,550 | $47,300 |
| 5 Persons | $31,040 | $31,950 | $51,100 |
| 6 Persons | $34,300 | $34,300 | $54,900 |
| 7 Persons | $36,650 | $36,650 | $58,700 |
| 8 Persons | $39,050 | $39,050 | $62,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Brevard, NC?+
The Fair Market Rent (FMR) for Transylvania County, NC is: $853 (Studio), $858 (1BR), $1128 (2BR), $1364 (3BR), $1738 (4BR). Actual rent at subsidized properties like Broad River Terrace is typically 30% of household income or less.
What size apartments are available at Broad River Terrace?+
Broad River Terrace offers the following unit types: 8 One-Bedroom, 36 Two-Bedroom, 18 Three-Bedroom units, for a total of 62 units.
What is the price range for apartments in Brevard, NC?+
Based on Fair Market Rent for Transylvania County, the estimated price range is: 1-bedroom: $858, 2-bedroom: $1128, 3-bedroom: $1364. Actual rent at Broad River Terrace may be lower for income-eligible households.
Who is eligible to live at Broad River Terrace?+
Broad River Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Broad River Terrace?+
Broad River 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.
What are the income limits for affordable housing in Transylvania County, NC?+
For a 4-person household in Transylvania County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,550, Low Income (80% AMI): $47,300. These limits are set by HUD and updated annually.
Who manages Broad River Terrace?+
Broad River Terrace is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Broad River Terrace?+
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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