Silver Springs Terrace LIHTCPB Section 8 Hickory, NC
Profile last updated · Data vintage: HUD FY2025
Silver Springs Terrace is a Project-Based Section 8 community in Hickory, NC with 55 units reporting 98% occupancy. Assisted residents pay about $265/month on average.
55
total units
98%
occupancy
$265
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 950 20th St NE, Hickory, NC 28601 Map → |
| Average household income | $11,775/yr |
| Average personal income | $4,173/yr |
| People per unit | 2.8 |
| Moved in within last year | 9% |
| Households below 30% AMI | 77% |
| Households below 50% AMI | 93% |
| One-bedroom share | 14% |
How to apply at Silver Springs Terrace
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 950 20th St NE, Hickory; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$265/mo average here).
Other subsidized housing in Hickory
- Hickory - Scattered Sites - Amp 1 PB Section 8
- Highland Park LIHTCPB Section 8
- The Lodge at Hickory LIHTCPB Section 8
- Catawba Landing LIHTCPB Section 8
- Twin Cedars Apts LIHTCPB Section 8
- Woodland Park Apts LIHTCPB Section 8
- Glenwood Place LIHTCPB Section 8
- Hilltop Apartments PB Section 8
- Center Crossing LIHTCPB Section 8
- Lutherhaus Apartments PB Section 8
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Highland School Apts LIHTCPB Section 8 | Hickory | 1.7 km |
| The Villas at Twin Cedars LIHTCPB Section 8 | Hickory | 2.2 km |
| Kenworth Senior Citizens Center LIHTCPB Section 8 | Hickory | 2.8 km |
| Kenworth Senior Center Phase Ii LIHTCPB Section 8 | Hickory | 2.8 km |
| Walker Apts Ii LIHTCPB Section 8 | Hickory | 2.8 km |
| Viewmont Square Court LIHTCPB Section 8 | Hickory | 3.5 km |
| Walker Apts I LIHTCPB Section 8 | Hickory | 3.5 km |
| The Villas at Northview LIHTCPB Section 8 | Hickory | 4.2 km |
← All subsidized housing in Hickory
Frequently asked questions
What kind of subsidy does Silver Springs Terrace have?
Project-Based Section 8; Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Silver Springs Terrace?
Residents report average rents near $265/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Silver Springs Terrace?
Contact the management office at 950 20th St NE in Hickory. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.