Wakefield Commons

10860 Common Oaks Dr., Raleigh, NC 27614

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Connor Bailey, Colleen Carter, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	2 - 3 Beds	2 Baths	926 - 1,126 Sq Ft

Call (919) 986-9051 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.

Conveniently located in upscale North Raleigh – in the heart of vibrant Wakefield - come home to Wakefield Commons Apartments. This brand new community is at the intersection of US1 and New Falls of Neuse - just 4 miles north of 540 - and offers walkability to an eclectic blend of locally operated restaurants, shopping, services, and entertainment. They accept applications Tuesdays and Thursdays 9:00 am - 5:00 pm. Their Leasing office is located at 10821 Alto Lane, Raleigh, NC 27614

Dave's Thoughts On Wakefield Commons

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 Wakefield Commons 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

Wakefield Commons Amenities

Fitness Center
Playground
Computer Lab
Community Room
24hr Emergency Maintenance
Ceiling Fan(s)
Handicapped Accessible
Washer and Dryer Hookup
Storage
Grilling Area
Kitchen Pantry
Energy Efficient Design
Central Heat & Air
Fully Equipped Kitchen
Smoke Free
High Speed Internet Access
Picnic Area

Units at Wakefield Commons

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	926ft²	Call for Price^†
3 Bedroom (3/2)	1126ft²	Call for Price^†

Income Qualification for Wakefield Commons

*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 Wakefield Commons

Does Wakefield Commons have a waiting list?

Wakefield Commons 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 Wakefield Commons?

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 Wakefield Commons?

Wakefield Commons is managed by Excel Development Group headquartered in Lincoln , Nebraska.

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

In addition to Wakefield Commons, 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.