1000 Pennington Grove Way, Garner, NC 27529
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Pennington Grove is 100% smoke-free apartment community in Garner for active adults, ages 55 and above, made up of two buildings. Located off of Heather Park Drive, at Pennington Grove I & II, residents enjoy the convenience of nearby retail, services, and the brand new Pool Family YMCA. A hallmark of DHIC’s design, Pennington Grove I & II apartments are eco-friendly with water saving fixtures, and energy-efficient heating, cooling and appliances and features amenities that encourage interaction among neighbors. Through a partnership with Resources for Seniors, various services and community activities for the senior residents are offered. All units are for senior households with incomes at or below 60% of area median income.
Pennington Grove I has 83 units and was completed in 2018. Pennington Grove II was completed in 2022 and offers 69 affordable apartment homes.
Because Pennington Grove 1 & 2 participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,700 / year | $45,350 / year | $51,000 / year | $56,650 / year |
| 50% AMI for PBRA Units | $39,700 / year | $45,350 / year | $51,000 / year | $56,650 / year |
| 60% AMI for LIHTC Units | $47,640 / year | $54,420 / year | $61,200 / year | $67,980 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Pennington Grove 1 & 2 have a waiting list?
Pennington Grove 1 & 2 probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Pennington Grove 1 & 2?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Pennington Grove 1 & 2?
Pennington Grove 1 & 2 is managed by DHIC headquartered in Raleigh, NC.
In addition to Pennington Grove 1 & 2, how many other affordable housing properties (and units) are there in Garner?
In addition to Pennington Grove 1 & 2, we list 30 other affordable properties in Garner. Learn about these properties here. Our data research shows that there are a total of 467 affordable units in Garner.
742 W Garner Rd, Garner, North Carolina 27529
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Kara Qualls says:
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