About This Property
Residence is a 2-unit affordable housing property in Shelby, NC that has been in service since 1987. The property includes one 3-bedroom unit and serves low-income households through a 4% Low-Income Housing Tax Credit program. This Cleveland County property provides affordable rental options for the community.
Waitlist Information
Waitlist managed by City of Shelby, Department of Housing
Applicants must be 18 years or over and selections are based on bedroom size, income range, background checks, and criminal records.
Eligibility is based on total annual gross income, family size, and U.S. citizenship or eligible immigration status.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Cleveland 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 | $652 |
| 1 Bedroom | $656 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,206 |
| 4 Bedroom | $1,349 |
Income Limits - Cleveland County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shelby, NC?+
The Fair Market Rent (FMR) for Cleveland County, NC is: $652 (Studio), $656 (1BR), $856 (2BR), $1206 (3BR), $1349 (4BR). Actual rent at subsidized properties like Residence is typically 30% of household income or less.
What size apartments are available at Residence?+
Residence offers the following unit types: 1 Three-Bedroom units, for a total of 2 units.
What are the income limits for affordable housing in Cleveland County, NC?+
For a 4-person household in Cleveland County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
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.
What is the price range for apartments in Shelby, NC?+
Based on Fair Market Rent for Cleveland County, the estimated price range is: 3-bedroom: $1206. Actual rent at Residence may be lower for income-eligible households.
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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.