Southerland Village Apartments

737 E. Southland St, Wallace, North Carolina 28466

Welcome to Southerland Village! Garden-style apartments for working families. Southerland Village is located just minutes beautiful downtown Wallace, NC and is in close proximity to fine dining, shopping, entertainment and more! With designer cabinetry, spacious closets and modern amenities, Southerland Village Apartments has something for everyone!

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 800 Call for Price
2 Bedroom (2/2) 1050 Call for Price
3 Bedroom (3/2) 1250 Call for Price

Eligibility for Southerland Village Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Wallace but actual income limits may differ for units at Southerland Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $24,250 $27,700 $31,150 $34,600 $37,400 $40,150
Low Income (60%) $29,100 $33,240 $37,380 $41,520 $44,880 $48,180

Southerland Village Apartments Details

  • 48 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 538 Guaranteed Rural Rental Housing

Property Amenities

  • Playground

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Garbage Disposal
  • Cable Ready
  • Spacious Closets
  • New Appliances

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

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