Statesville Housing Authority

What Statesville Housing Authority does

Statesville Housing Authority (SHA) is a governmental housing authority established in 1968 and chartered by the City of Statesville under the oversight of the U.S. Department of Housing and Urban Development (HUD). It administers federally-funded affordable housing programs for low-income families, elderly individuals, and persons with disabilities in Statesville and Iredell County, North Carolina. Its operating model combines direct ownership of public housing units with tenant-based rental assistance administered through partnerships with private landlords.

SHA's core service portfolio comprises three HUD program lines: Public Housing (eight owned-and-operated properties totaling approximately 387+ units, including Summit Village's 121 public housing units plus 80 Section 8 elderly/disabled assisted units, Parkwood Community's 121 units, Pine Acres's 114 units, and Unity Square's 31 units, plus Brevard, Crossroads Place, Holly Hills, and Oak Tree Village); Housing Choice Vouchers (tenant-based subsidies enabling families to rent from private landlords throughout Iredell County, with residents paying 30% of adjusted income); and Section 8 New Construction (project-based rental assistance). Supporting programs include the ROSS (Resident Opportunities & Self-Sufficiency) initiative, Family Self-Sufficiency (FSS) for employment and homeownership pathways, and VAWA protections for domestic violence survivors.

Revenue is generated primarily through HUD federal funding (Operating Fund, Capital Fund, and HCV administrative fees) supplemented by tenant rental income calculated under HUD's Total Tenant Payment formula, typically the highest of 30% of monthly adjusted income, 10% of monthly income, welfare rent, or a $50 minimum rent. The organization employs approximately 22 staff across Housing, Maintenance, Public Housing, Resident Services, Accounting, HR, S8HCV, and Executive functions, governed by a five-member Board of Commissioners appointed by the City Mayor. Core technology is not publicly disclosed; SHA relies on third-party platforms for waitlist management (waitlistcheck.com), landlord coordination (assistancecheck.com), and online rent collection (rentpayment.com). Distribution is single-geography, domestic-only, and confined to Iredell County, NC.

Name

Statesville Housing Authority

Legal name

Statesville Housing Authority

Website

https://statesvillehousing.org

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

Statesville Housing Authority is a HUD-chartered governmental housing authority in Statesville, NC, founded in 1968, administering Public Housing, Housing Choice Voucher, and Section 8 New Construction programs for low-income families, elderly, and disabled residents across eight properties in Iredell County.

Ownership category

akta.pro rank

NAICS

Other Residential Care Facilities (623990), Services for the Elderly and Persons with Disabilities (62412), Other Residential Care Facilities (6239)

SIC

Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340)

akta.pro industry

PRIMARYBPAIANAA

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing)

Business & Public Services/Public Sector & Government Administration/Housing, Urban Planning & Community Development

SECONDARYFSALAKAI

Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based)

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

SECONDARYBPAJAFAD

Affordable & Subsidized Housing Property Management (LIHTC, Section 8)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAIACAJ

Housing & Neighborhood Services (Local Housing Programs)

Business & Public Services/Public Sector & Government Administration/Local/Municipal Government Administration

SECONDARYFSALAKAF

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans)

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

SECONDARYHLADAAAB

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities

Healthcare & Life Sciences/Elder Care & Long-Term Care/Independent Living Communities

SECONDARYBPAGAEAL

Community Centers & Neighborhood Support Services

Business & Public Services/Nonprofit, NGO & Social Services/Social Services & Community Support (Food, Housing, Family)

Keywords

• Public housing assistance
• Housing choice vouchers
• Affordable rental housing
• Section 8 programs
• Federal housing programs

Headquarters

HQ city

Statesville

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. HUD Federal Funding: The Statesville Housing Authority operates as a governmental unit chartered by the City of Statesville through the Department of Housing and Urban Development (HUD), representing the US Federal Government. The primary revenue comes from federal housing subsidies and grants administered through HUD programs.
2. Tenant Rental Income: Public housing residents pay rent based on a Total Tenant Payment (TTP) formula determined by their annual gross income less allowable deductions. Income limits are set at 80% and 50% (very low income) of the median income for the county, as determined by HUD annually.
3. Housing Choice Voucher Program: Rental subsidies provided to families with private landlords in Iredell County. Families pay 30% of their monthly adjusted gross income for rent and utilities, with the housing authority covering the difference up to the payment standard.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Statesville Housing Authority administers federally subsidized public housing units and the Housing Choice Voucher (Section 8) rental assistance program for eligible low-income families, elderly persons, and persons with disabilities in Iredell County, North Carolina. It manages a portfolio of residential properties, including Unity Square, Summit Village, Pine Acres, Parkwood Community, Brevard, Crossroads Place, Holly Hills, and Oak Tree Village, and delivers supportive programs such as the VAWA program and the ROSS Resident Opportunity and Self-Sufficiency program.

Product overview

Statesville Housing Authority offers a portfolio of affordable housing programs including Public Housing (federally-owned units within city limits), Housing Choice Vouchers (tenant-based rental assistance with private landlords), and Multi-Family Section 8 New Construction (project-based subsidies for new and existing rental units). The organization manages eight residential properties: Unity Square (31 units), Summit Village (121 public housing + 80 elderly/disabled assisted units), Pine Acres (114 units), Parkwood Community (121 units), plus Brevard, Crossroads Place, Holly Hills, and Oak Tree Village. Supporting services include the ROSS (Resident Opportunities & Self-Sufficiency) Program, VAWA protections for domestic violence survivors, and resident committees for community engagement.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 75 citizens attended the Statesville Thrives Symposium focused on community prosperity
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered moderate, core and minor.

• Centralina Regional CouncilmoderateStrategic or Co-development Partner · 29 June 2023Regional partner that documented the Statesville Thrives initiative as a success story. Collaboration focused on community development and ensuring all Statesville residents thrive through community conversation and partnership.
• U.S. Department of Housing and Urban Development (HUD)coreOthersHUD is the federal agency that oversees the Statesville Housing Authority's Public Housing, Housing Choice Voucher, and Multi-Family Project Base Rental Assistance programs. SHA operates as a governmental unit chartered through HUD, receiving federal funding and regulatory oversight. HUD develops income limits, provides technical assistance, and administers federal housing policy.
• City of StatesvillecoreStrategic or Co-development PartnerThe City of Statesville charters the Statesville Housing Authority and the City Mayor appoints the 5-member Board of Commissioners. SHA Board meetings are held at the main office, and the City maintains oversight through the board governance structure.
• Private Landlords (Housing Choice Voucher Program)coreChannel Partner/ Reseller/ DistributorPrivate landlords throughout Iredell County partner with SHA to provide physical housing structures for families with housing vouchers. Landlords must meet program housing quality standards and maintain units to those standards as long as they receive housing assistance payments.
• ISCEC (Iredell Statesville Community Enhancement Corporation)moderateStrategic or Co-development PartnerA related nonprofit organization focused on community enhancement in the Iredell Statesville area. Referenced in SHA's housing programs and community development initiatives as a collaborative partner.
• Salvation Army (Iredell)minorStrategic or Co-development PartnerCommunity service partner providing additional resources and support services to SHA residents in need. Listed on the Live page as a resource for residents.
• Department of Social Services (DSS)moderateStrategic or Co-development PartnerState agency partner providing social services support to SHA residents. Collaborates on resident self-sufficiency programs and provides additional assistance pathways.
• 5th Street MinistriesminorStrategic or Co-development PartnerCommunity ministry partner providing support services to residents in need. Listed as a community resource on SHA's Live page.
• Purple Heart HomesminorStrategic or Co-development PartnerNational nonprofit partner focused on housing solutions. Listed as a community resource for residents on SHA's Live page.
• Iredell County DSSmoderateStrategic or Co-development PartnerCounty-level social services partner providing housing-related assistance and supportive services coordination for SHA residents.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Charlotte Housing Authority: Direct regional peer in North Carolina, administering public housing, Housing Choice Vouchers, and other HUD programs in Mecklenburg County. Operates as a governmental housing authority similar to SHA but at significantly larger scale, making it a useful operational benchmark.
• Raleigh Housing Authority: North Carolina peer operating public housing and voucher programs in Wake County. Similar governmental structure and HUD oversight, with a comparable mix of property-based and tenant-based assistance models.
• Winston-Salem Housing Authority: Regional NC peer providing public housing, Section 8 vouchers, and affordable housing programs in Forsyth County. Comparable mid-size PHA with similar program mix and regulatory framework.
• Greensboro Housing Authority: NC municipal housing authority operating public housing units and voucher programs in Guilford County. Comparable structure, program offerings, and HUD oversight framework.
• Durham Housing Authority: NC PHA operating public housing, Housing Choice Vouchers, and Section 8 New Construction in Durham County. Similar program portfolio and governmental structure to SHA.

Direct peers

• Hickory Housing Authority: Smaller NC municipal PHA serving Catawba County with public housing units and voucher programs. Closest scale match to SHA and operates under similar small-city governance structure.
• Salisbury Housing Authority: NC PHA operating public housing and Section 8 programs in Rowan County, with similar portfolio size and small-city operational model. Direct comparable in scale and program mix.

Others

• North Carolina Housing Finance Agency: State-level agency administering LIHTC, federal housing tax credits, and affordable housing finance programs statewide. Complementary rather than competitive, providing financing that PHAs like SHA access for development.

Regional players

• Housing Authority of the City of High Point: NC peer PHA serving High Point in Guilford County with comparable mid-size portfolio. Similar mix of public housing units and voucher programs with HUD oversight.
• Mooresville Housing Authority: Adjacent Iredell County housing authority operating in Mooresville, NC. Closest geographic peer sharing the same county labor market and resident base, with similar small-scale program offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@StatesvilleHousing
• Facebookfacebook.com/shousingauthority
• Instagraminstagram.com/shousingauthority

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Statesville Housing Authority