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North Carolina

North Carolina: Section 8 properties with a decision coming

HUD's file lists 901 active project-based assistance contracts in North Carolina, covering 32,466 assisted units. 301 of them reach their final expiration date by Oct 2028, when the owner has to choose whether and how to renew. 292 Section 8 HAP contracts pay rents under 90% of the area's Fair Market Rent, a first sign of a property that could qualify for a rent increase at renewal.

901active contracts on 910 properties
301reaching final expiration by Oct 2028 (4,114 assisted units)
292HAP contracts with rents under 90% of FMR
3FHA-insured apartment loans maturing within five years

Contracts reaching final expiration by Oct 2028

These contracts end their overall term within two years of HUD's October 6, 2026 file. The owner chooses among the renewal options the property qualifies for, and an owner who wants out has to give tenants at least a year's notice. "Rent vs FMR" is HUD's ratio of contract rent to the area's Fair Market Rent.

PropertyUnitsAssistedContract typeFinal expirationRent vs FMRHUD loan
Arc/Hds Lee County Group Home #2Sanford, Lee County76PRAC/811Oct 202646%202/811
Ric Redbud ApartmentsGastonia, Gaston County98PRAC/811Oct 202664%202/811
Forsythia Group HomeCharlotte, Mecklenburg County6318202/162 NCNov 202643%FHA 05311215
Shepherd HouseGreensboro, Guilford County2120202/162 NCNov 2026107%FHA 05311188
Alamance PlazaBurlington, Alamance County7676Sec 8 SRNov 202683%
Arc/Hds Craven Co Gh #1Vanceboro, CRAVEN County65202/8 NCNov 202673%
Rss Scattered Site CondosCharlotte, Mecklenburg County44PRAC/811Nov 202652%202/811
As Buncombe Co. Gh #1Asheville, Buncombe County76PRAC/811Nov 202630%202/811
As Mecklenburg Co. G.H. #4Charlotte, Mecklenburg County75PRAC/811Nov 202635%202/811
Gladstone AptsWinston-Salem, Forsyth County1212PRAC/811Nov 202690%202/811
Cac Of Cumberland Co.#2Fayetteville, Cumberland County1110PRAC/811Nov 202650%202/811
Chc Of Lee Co.Sanford, Lee County76PRAC/811Nov 202656%202/811
Cac Of Metrolina #2Charlotte, Mecklenburg County1010PRAC/811Nov 202643%202/811
Mountain Ridge Group HomeGastonia, Gaston County76PRAC/811Nov 202632%202/811
Cac Of Metrolina #5Charlotte, Mecklenburg County1110PRAC/811Nov 202635%202/811
Cac Of Alamance County #2Burlington, Alamance County1414PRAC/811Nov 202646%202/811
Serving Cup Green Level AptsCary, Wake County66PRAC/811Nov 202651%202/811
Arc/Hds Guilford Co Gh #6Greensboro, Guilford County76202/162 NCDec 202655%
As New Hanover Co. G.H. #1Wilmington, New Hanover County76202/162 NCDec 202663%202/811
As New Hanover Co. G.H. #2Wilmington, New Hanover County76202/162 NCDec 202666%202/811
Arc/Hds Burke Co Gh #3Morganton, Burke County76PRAC/811Dec 202642%202/811
Arc/Hds Cherokee Co Gh #2Murphy, Cherokee County76PRAC/811Dec 202661%202/811
Arc/Hds Person County Gh #6Roxboro, Person County76PRAC/811Dec 202661%202/811
Arc/Hds Rockingham County Group Home #5Madison, Rockingham County76PRAC/811Dec 202658%202/811
Arc/Hds Robeson County Group Home #4Fairmont, Robeson County76PRAC/811Dec 202659%202/811
Arc/Hds Stokes County Gh #2King, Stokes County65202/8 NCDec 202654%
Fitts-Powell Apts.Durham, Durham County1514PRAC/811Dec 202636%202/811
Cac Of Surry Co.Mount Airy, Surry County1010PRAC/811Dec 202665%202/811
Chc Of Warren Co.Warrenton, Warren County76PRAC/811Dec 202661%202/811
Cac Of Columbus Co.Chadbourn, Columbus County1010PRAC/811Dec 202669%202/811
Cac Of Rowan CountySpencer, Rowan County1110PRAC/811Dec 202671%202/811
Arc/Hds Alamance Co Group Home #13Gibsonville, Alamance County76PRAC/811Dec 202644%202/811
Cac Of Caldwell Co.Lenoir, Caldwell County88PRAC/811Dec 202674%202/811
Abilities At BriarcliffFayetteville, Cumberland County1414PRAC/811Dec 202678%202/811
Chc Of Cabarrus CountyKannapolis, Cabarrus County66PRAC/811Dec 202628%202/811
Arc/Hds Mecklenburg County Group HomeCharlotte, Mecklenburg County76202/162 NCJan 202747%
Arc/Hds Alamance County Apts.Burlington, Alamance County44PRAC/811Jan 202758%202/811
Arc/Hds Ashe Co Gh #2Jefferson, Ashe County76PRAC/811Jan 202754%202/811
Arc/Hds Alamance County Gh #10Graham, Alamance County76PRAC/811Jan 202746%202/811
Arc/Hds Alamance County Gh #11Elon, Alamance County66PRAC/811Jan 202741%202/811
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026.

Section 8 contracts paying well under Fair Market Rent

HAP contracts with at least 20 assisted units whose rent-to-FMR ratio in HUD's file is under 90%, lowest first. Below-market contract rents are what HUD's Mark-Up-to-Market renewal option addresses, if the property qualifies; a rent comparability study, not this ratio, decides the new rents. "Run math" loads the size and ratio into the offer calculator.

PropertyUnitsAssistedRent vs FMRFinal expirationCurrent term ends
Summit Village ApartmentsStatesville, Iredell County808045%May 2029May 2027Run math
Holly Plaza ApartmentsHolly Ridge, Onslow County454545%Nov 2041Nov 2026Run math
Easter Seals United Cerebral Palsey Nc HousingRaleigh, Wake County827046%Sep 2045Sep 2027Run math
Carolina Garden ApartmentsKings Mountain, Gaston County505047%Mar 2031Mar 2027Run math
Morreene Road ApartmentsDurham, Durham County22422448%Dec 2037Dec 2026Run math
Henderson Heights ApartmentsHendersonville, Henderson County35235248%Sep 2040Sep 2040Run math
Church Street ApartmentsMooresville, Iredell County303050%Mar 2039Mar 2027Run math
Calvert PlaceDurham, Durham County434351%Nov 2037Nov 2026Run math
Morning GloryDurham, Durham County252551%Nov 2037Nov 2026Run math
Cotton Street CommonsMonroe, Union County727251%Sep 2041Sep 2027Run math
Main Street TownhomesDurham, Durham County212151%Nov 2037Nov 2026Run math
Rollins ApartmentsMount Holly, Gaston County343452%Apr 2028Apr 2027Run math
Westside ApartmentsCharlotte, Mecklenburg County505052%Sep 2034Mar 2027Run math
Wesbury ApartmentsConcord, Cabarrus County505053%Jan 2035Jan 2027Run math
Walnut TerraceWilliamston, Martin County505053%Nov 2042Nov 2026Run math
Triangle Elderly HousingSmithfield, Johnston County742053%Dec 2033Dec 2026Run math
Colonial Oaks ApartmentsCherryville, Gaston County303054%May 2033May 2027Run math
Sharon Manor HomesCharlotte, Mecklenburg County393954%Dec 2040Dec 2026Run math
Stonecroft Village ApartmentsGastonia, Gaston County727255%Feb 2033Feb 2027Run math
Triangle Elderly HousingSmithfield, Johnston County745455%Dec 2033Dec 2026Run math
Lynnhaven ApartmentsDurham, Durham County757555%Mar 2027Mar 2027Run math
Hillside ManorFayetteville, Cumberland County323255%Jun 2037Jun 2027Run math
Damar CourtDurham, Durham County10210256%Dec 2037Dec 2026Run math
Gateway VillageHillsborough, Orange County646456%Mar 2027Mar 2027Run math
Lincoln Terrace ApartmentsHigh Shoals, GASTON County404056%Jun 2032Jun 2027Run math
Greenhaven TownhousesCharlotte, Mecklenburg County493857%Dec 2040Dec 2026Run math
Jefferson Village ApartmentsMonroe, Union County202057%Oct 2036Oct 2027Run math
Robinson Terrace South ApartmentsHendersonville, Henderson County232357%May 2041May 2027Run math
Academy Village ApartmentsFranklinton, Franklin County505057%Jul 2032Jul 2027Run math
Midland CommonsCharlotte, Mecklenburg County606058%Oct 2040Oct 2026Run math
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026. HUD describes the ratio as a guide only.

HUD-insured loans maturing in the next five years

A HUD loan amortizes to zero, so a near maturity usually means a small balance left on an older building. The list shows only what HUD's file says: the loan, its balance and its maturity date. It says nothing about any owner's plans, other debt or willingness to sell.

PropertyUnitsProgramBalanceMatures
Church ManorKinston 28501 · FHA 05311216 40 223(f) $84,087 Jun 2027
Six Churches PlazaKinston 28501 · FHA 05311217 110 223(f) $228,372 Jun 2027
Briarcliff Manor AptsAyden 28513 · FHA 05335849 40 223(a)(7) $142,657 Nov 2030
Source: HUD Insured Multifamily Mortgages file, data as of September 30, 2026.

Filter every North Carolina contract

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Before you call an owner

Write to the owner of record from the county's deed records; HUD's file shows the contract, not the deed. Never contact residents or on-site staff about a sale, and never suggest to residents that their housing is about to change.

Buying the property means HUD has to approve you to take over the contract. Read what HUD reviews when a Section 8 property sells before you write a letter of intent.

Price it, then finance it

Use the offer calculator to value the property at today's contract rents and at market rents, then send the deal to the desk for acquisition financing.

Not affiliated with HUD. Inclusion here doesn't mean a property is for sale. How this data is built.