Overlooke at Simms Creek

4730 Archean Way, Raleigh, NC 27616

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey

Rent	Beds	Baths	SqFt
$1,229 - 1,812 per Month^†	1 - 3 Beds	1 - 2 Baths	665 - 1,088 Sq Ft

Call (919) 759-6598 Email

Waitlist Forecast

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.

Welcome to Overlooke at Simms Creek which has been designed to give you the lifestyle you deserve at a very comfortable cost. You deserve a community that is close to everything... Just minutes from I-540 and the Triangle Town Center Mall. You Deserve a community that offers recreational, social, and educational opportunities to help you live life to it's fullest! You deserve a new home where you can relax and unwind. You deserve so much out of life. Find it today at Overlooke at Simms Creek!

Dave's Thoughts On Overlooke at Simms Creek

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Overlooke at Simms Creek does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Overlooke at Simms Creek Amenities

Fitness Center
Playground
Business Center
24hr Emergency Maintenance
Vaulted Ceiling
Extra Storage
Resident Service Coordinator
Balconies or Patios Available
Fully Equipped Kitchen
Swimming pool
Full-Size Washer & Dryer Connections

Units at Overlooke at Simms Creek

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	665ft²	$1,229^†
Two Bedroom (2/2)	943ft²	$1,460^†
Three Bedroom (3/2)	1088ft²	$1,812^†

Income Qualification for Overlooke at Simms Creek

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$39,700 / year	$45,350 / year	$51,000 / year	$56,650 / year	$61,200 / year	$65,750 / year
50% AMI for PBRA Units	$39,700 / year	$45,350 / year	$51,000 / year	$56,650 / year	$61,200 / year	$65,750 / year
60% AMI for LIHTC Units	$47,640 / year	$54,420 / year	$61,200 / year	$67,980 / year	$73,440 / year	$78,900 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Overlooke at Simms Creek

Does Overlooke at Simms Creek have a waiting list?

Overlooke at Simms Creek 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 Overlooke at Simms Creek?

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 Overlooke at Simms Creek?

Overlooke at Simms Creek is managed by Highmark Residential headquartered in Dallas, TX.

In addition to Overlooke at Simms Creek, how many other affordable housing properties (and units) are there in Raleigh?

In addition to Overlooke at Simms Creek, we list 401 other affordable properties in Raleigh. Learn about these properties here. Our data research shows that there are a total of 8749 affordable units in Raleigh.

When was the Overlooke at Simms Creek listing last updated?

Overlooke at Simms Creek listing on Affordable Housing Online was last updated on 05/10/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.