Low Income (LIHTC)Waitlist Open

Terrace South

1540 Bluemont Ave SW, Roanoke, VA, 24015

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Terrace South provides 109 low-income residential units in Roanoke, Virginia, serving families in the area. The property has been in service since 2010 and receives 9% Low-Income Housing Tax Credit funding. A non-profit organization owns and manages the community.

Waitlist Information

Waitlist managed by Roanoke Redevelopment & Housing Authority

Public Housing Waitlist

Open

Apply: Multiple

Applications are available for download. Review 2025 and 2020 Income Limits prior to completing an application.

Last verified April 14, 2026

Section 8 (HCV) Waitlist

Closed

Due to budget constraints, RRHA's HCV/Section 8 program will pause issuing new vouchers until further notice. The application process is currently closed and there is no estimated timeframe for reopening.

Last verified March 19, 2026

Waitlist data provided by section8waitlist.org

Updated April 18, 2026

Property Details

Total Units

109

Fair Market Rent - Roanoke City County, VA

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$811
1 Bedroom	$894
2 Bedroom	$1,088
3 Bedroom	$1,513
4 Bedroom	$1,760

Income Limits - Roanoke City County, VA

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

1 Person

Extremely Low (30%): $16,450
Very Low (50%): $27,450
Low (80%): $43,900

2 Persons

Extremely Low (30%): $18,800
Very Low (50%): $31,400
Low (80%): $50,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $35,300
Low (80%): $56,450

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $39,200
Low (80%): $62,700

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $42,350
Low (80%): $67,750

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $45,500
Low (80%): $72,750

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $48,650
Low (80%): $77,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $51,750
Low (80%): $82,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$16,450	$27,450	$43,900
2 Persons	$18,800	$31,400	$50,200
3 Persons	$21,960	$35,300	$56,450
4 Persons	$26,500	$39,200	$62,700
5 Persons	$31,040	$42,350	$67,750
6 Persons	$35,580	$45,500	$72,750
7 Persons	$40,120	$48,650	$77,750
8 Persons	$44,660	$51,750	$82,800

Tax Credit Program Details

Year Placed in Service

2010

LIHTC Credit Type

Low-Income Units

109 / 109

Target Population

Families

Designations

Non-Profit

Frequently Asked Questions

What is the average rent for affordable housing in Roanoke, VA?+

The Fair Market Rent (FMR) for Roanoke City County, VA is: $811 (Studio), $894 (1BR), $1088 (2BR), $1513 (3BR), $1760 (4BR). Actual rent at subsidized properties like Terrace South is typically 30% of household income or less.

What are the income limits for affordable housing in Roanoke City County, VA?+

For a 4-person household in Roanoke City County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,200, Low Income (80% AMI): $62,700. These limits are set by HUD and updated annually.

Who manages Terrace South?+

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

Who is eligible to live at Terrace South?+

Terrace South primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Is there a waitlist for Terrace South?+

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.

How do I apply for housing at Terrace South?+

Terrace South 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.

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