Formosa North Apts
302-308 Anderson Street, Elm City, NC 27822
Family · 16 2BR
Managed by Formosa Management
- Units
- 16
- Rental assistance
- 16
- Vacant
- 0
- Accessible
- 0
- Opened
- 2008
North Carolina
USDA rental housing in Wilson County, NC
4 properties in Wilson County have USDA Section 515 or 514 financing: 137 apartments across 3 towns. 97 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
4properties
137apartments
97rental assistance units
5vacant units reported
Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.
Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.
The Elms Apartments
237 Elms Drive, Elm City, NC 27822
Family · 13 1BR, 17 2BR, 3 3BR
Managed by Partnership Property Management
- Units
- 33
- Rental assistance
- 33
- Vacant
- 1
- Accessible
- 2
- Opened
- 1981
Kenly Court Apartments
6022 N. Whitley Drive, Kenly, NC 27542
Family · 8 1BR, 36 2BR, 4 3BR
Managed by Fitch Irick Management, LLC
- Units
- 48
- Rental assistance
- 48
- Vacant
- 0
- Accessible
- 2
- Opened
- 1979
Pinegrove Apartments
113 E. Main Street, Sharpsburg, NC 27878
Family · 24 2BR, 16 3BR
Managed by Pendergraph Management, LLC
- Units
- 40
- Rental assistance
- 0
- Vacant
- 4
- Accessible
- 2
- Opened
- 1981
Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.
Who can rent here
USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.
For owners and buyers
All 4 are limited-profit. 2 also have housing tax credits. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.
Every property in one file: 515/514 portfolio download (CSV and JSON).