About This Property
Cedar Terrace in Hendersonville, NC contains 80 low-income units that have been in service since 2017, with a mix of 56 two-bedroom and 24 three-bedroom apartments serving families. The property is financed through 9% Low-Income Housing Tax Credits and is managed to provide affordable rental housing in Henderson County.
Waitlist Information
Waitlist managed by Western Carolina Community Action, Inc.
The waiting list is continuously open with no deadline; priority may be given to families with children, elderly, or disabled individuals. Income limits and specific program criteria apply.
To qualify for a Housing Choice Voucher (HCV), individuals or families must have an income below 50% of the area’s median income. Participants are expected to contribute 30% of their adjusted monthly income towards rent and utilities.
Waitlist data provided by section8waitlist.org
Updated July 7, 2026
Property Details
Fair Market Rent - Henderson 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 | $1,428 |
| 1 Bedroom | $1,496 |
| 2 Bedroom | $1,680 |
| 3 Bedroom | $2,160 |
| 4 Bedroom | $2,851 |
Income Limits - Henderson County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,300
- Low (80%)
- $42,100
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,550
- Low (80%)
- $60,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,300 | $42,100 |
| 2 Persons | $18,050 | $30,050 | $48,100 |
| 3 Persons | $21,960 | $33,800 | $54,100 |
| 4 Persons | $26,500 | $37,550 | $60,100 |
| 5 Persons | $31,040 | $40,600 | $64,950 |
| 6 Persons | $35,580 | $43,600 | $69,750 |
| 7 Persons | $40,120 | $46,600 | $74,550 |
| 8 Persons | $44,660 | $49,600 | $79,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hendersonville, NC?+
The Fair Market Rent (FMR) for Henderson County, NC is: $1428 (Studio), $1496 (1BR), $1680 (2BR), $2160 (3BR), $2851 (4BR). Actual rent at subsidized properties like Cedar Terrace is typically 30% of household income or less.
What size apartments are available at Cedar Terrace?+
Cedar Terrace offers the following unit types: 56 Two-Bedroom, 24 Three-Bedroom units, for a total of 80 units.
How do I apply for housing at Cedar Terrace?+
Cedar 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.
Is there a waitlist for Cedar Terrace?+
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.
What is the price range for apartments in Hendersonville, NC?+
Based on Fair Market Rent for Henderson County, the estimated price range is: 2-bedroom: $1680, 3-bedroom: $2160. Actual rent at Cedar Terrace may be lower for income-eligible households.
Who is eligible to live at Cedar Terrace?+
Cedar Terrace primarily serves families. 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 Henderson County, NC?+
For a 4-person household in Henderson County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,550, Low Income (80% AMI): $60,100. These limits are set by HUD and updated annually.
Who manages Cedar Terrace?+
Cedar Terrace is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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