4320 Magnolia Green Ln, Raleigh, NC 27604
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2.5 Baths | 944 - 1,380 Sq Ft |
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.
Offers Two and Three bedroom garden apartment homes and townhouses for individuals and familes. Located just minutes away from schools, shopping, US 64 and I 440.
Because Village of New Hope 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 |
|---|---|---|
| Two Bedroom Garden (2/1) | 944ft2 | Call for Price† |
| Two Bedroom Town House (2/2.5) | 985ft2 | Call for Price† |
| Three Bedroom Garden (3/2) | 1203ft2 | Call for Price† |
| Three Bedroom Town House (3/2.5) | 1380ft2 | Call for Price† |
| 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.
Does Village of New Hope have a waiting list?
Village of New Hope 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 Village of New Hope?
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 Village of New Hope, how many other affordable housing properties (and units) are there in Raleigh?
In addition to Village of New Hope, 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.
1611 Royal Foxhound Ln, Raleigh, North Carolina 27610
11700 Arnold Palmer Dr, Raleigh, North Carolina 27617
9941 Brier Oak Place, Raleigh, North Carolina 27617
1121-102 Hadley Road, Raleigh, North Carolina 27610
2611 Pine Village Rd, Raleigh, North Carolina 27615
1951 Booker Dr., Raleigh, North Carolina 27610
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Belinda Hewitt says:
"With the information from Affordable Housing Online, I was finally able to apply and get on a waiting list. I see there is still hope, thank you so much!"