The Magnolias

2151 Glascock St, Raleigh, NC 27610

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	624 - 890 Sq Ft

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.

Enjoy Raleigh living at The Magnolias. The prime Glascock St location in the King Charles area of Raleigh makes a popular place for those looking for their new place. The professional community team is waiting to show you all that this community has in store. Experience a new standard at The Magnolias.

Dave's Thoughts On The Magnolias

Because The Magnolias 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

The Magnolias Amenities

Air Conditioning
Refrigerator
Oven and Range
Heat and Air

Units at The Magnolias

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	624ft²	Call for Price^†
Two Bedrooms (2/1)	890ft²	Call for Price^†

Income Qualification for The Magnolias

*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
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.

FAQs for The Magnolias

Does The Magnolias have a waiting list?

The Magnolias 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 The Magnolias?

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.

In addition to The Magnolias, how many other affordable housing properties (and units) are there in Raleigh?

In addition to The Magnolias, 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.