About This Property
Terrace North offers 78 low-income units in Roanoke, Virginia and has been serving families since 2010. The property was financed through the 9% Low-Income Housing Tax Credit program. This non-profit owned community provides affordable rental housing in Roanoke City County.
Waitlist Information
Waitlist managed by Roanoke Redevelopment & Housing Authority
Downloadable applications are available for public housing. Applicants should review income limits prior to completing an application.
The application process is currently closed due to budget constraints. No new vouchers will be issued until further notice. No waitlist selections will be made.
Waitlist data provided by section8waitlist.org
Updated July 8, 2026
Property Details
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.
- Extremely Low (30%)
- $16,450
- Very Low (50%)
- $27,450
- Low (80%)
- $43,900
- Extremely Low (30%)
- $18,800
- Very Low (50%)
- $31,400
- Low (80%)
- $50,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,300
- Low (80%)
- $56,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,200
- Low (80%)
- $62,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,650
- Low (80%)
- $77,750
- 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 |
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Tax Credit Program Details
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 North 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.
How do I apply for housing at Terrace North?+
Terrace North 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 Terrace North?+
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.
Who manages Terrace North?+
Terrace North is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Terrace North?+
Terrace North primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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