Low Income (LIHTC)Waitlist Closed

Residence

401 Haywood St, Raleigh, NC, 27601

Information verified July 28, 2026·We re-check waiting list status daily

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About This Property

Residence is a property in Raleigh, NC that includes 2 low-income units and has been in service since 1987. The property utilizes 4% Low-Income Housing Tax Credits to support affordable housing operations.

Waitlist Information

Waitlist managed by Housing Authority of the City of Raleigh

Public Housing Waitlist

Closed

Apply: Online

Preferences include living or working in Wake County, mobility-impaired, working families (24+ months of 35+ hours/week employment), elderly (62+), or disabled; selection is based on time/date of pre-application plus preferences. Only one pre-application per household is accepted.

Last verified June 22, 2026

Section 8 (HCV) Waitlist

Closed

Eligibility is based on total annual gross income and family size not exceeding 50% of the median income, and eligible immigration status; RHA implements preferences for its programs.

Last verified June 23, 2026

Waitlist data provided by section8waitlist.org

Updated July 28, 2026

Property Details

Fair Market Rent - Wake 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	$1,427
1 Bedroom	$1,466
2 Bedroom	$1,646
3 Bedroom	$2,035
4 Bedroom	$2,711

Income Limits - Wake County, NC

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $20,100
Very Low (50%): $33,500
Low (80%): $53,600

2 Persons

Extremely Low (30%): $23,000
Very Low (50%): $38,300
Low (80%): $61,250

3 Persons

Extremely Low (30%): $25,850
Very Low (50%): $43,100
Low (80%): $68,900

4 Persons

Extremely Low (30%): $28,700
Very Low (50%): $47,850
Low (80%): $76,550

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $51,700
Low (80%): $82,700

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $55,550
Low (80%): $88,800

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $59,350
Low (80%): $94,950

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $63,200
Low (80%): $101,050

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$20,100	$33,500	$53,600
2 Persons	$23,000	$38,300	$61,250
3 Persons	$25,850	$43,100	$68,900
4 Persons	$28,700	$47,850	$76,550
5 Persons	$31,040	$51,700	$82,700
6 Persons	$35,580	$55,550	$88,800
7 Persons	$40,120	$59,350	$94,950
8 Persons	$44,660	$63,200	$101,050

Tax Credit Program Details

Year Placed in Service

1987

LIHTC Credit Type

Frequently Asked Questions

What is the average rent for affordable housing in Raleigh, NC?+

The Fair Market Rent (FMR) for Wake County, NC is: $1427 (Studio), $1466 (1BR), $1646 (2BR), $2035 (3BR), $2711 (4BR). Actual rent at subsidized properties like Residence is typically 30% of household income or less.

What are the income limits for affordable housing in Wake County, NC?+

For a 4-person household in Wake County, NC, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,850, Low Income (80% AMI): $76,550. These limits are set by HUD and updated annually.

Who manages Residence?+

Residence is managed by . You can reach them at . Visit their website for more information.

Is there a waitlist for Residence?+

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.

How do I apply for housing at Residence?+

Residence 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.

Begin Application Now