Walnut Ridge

3400 Hewberry Ln, Raleigh, North Carolina 27610

Walnut Ridge, located at 3400 Hewberry Ln in Raleigh, has two, three and four bedroom apartments. Walnut Ridge participates in the Low-Income Housing Tax Credit (LIHTC) program.

Contact Walnut Ridge

Message Walnut Ridge

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedrooms (2/2) 990 $911
Three Bedrooms (3/2) 1167 $1,039
Four Bedrooms (4/3) 1438 $1,144

Walnut Ridge Details

  • 180 two, three and four bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Fitness Center
  • Playground
  • Business Center
  • Clubhouse
  • 24hr Emergency Maintenance
  • Gated Community
  • Grilling Area
  • Online Payments Accepted
  • Laundry Facilities
  • Swimming pool
  • Car Care Center

Unit Amenities

  • Air Conditioning
  • Ceiling Fan(s)
  • Washer/Dryer Hookup
  • Walk-in Closet(s)
  • Window Coverings
  • Breakfast Bar
  • Kitchen Pantry
  • Dining Area

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm

About Walnut Ridge

Located in Raleigh, North Carolina, Walnut Ridge provides an exceptional lifestyle nestled in a residential neighborhood. This welcoming community provides homes that are cost-effective, comfortable and conveniently located to I-40, just minutes from downtown and is across the road from Walnut Creek Amphitheater which hosts concerts and events. The fabulous community amenities and open floor plan designs in addition to our superior customer service make Walnut Ridge the perfect choice for you in the heart of Raleigh.  Walnut Ridge offers some of the largest floor plans in the Raleigh area, choose from 2, 3 or 4 bedroom apartment homes!

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Raleigh Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Raleigh but actual income limits may differ for units at Walnut Ridge.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
Low Income (60%) $38,940 $44,520 $50,100 $55,620 $60,120 $64,560 $69,000 $73,440

Walnut Ridge was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Image of Walnut Ridge
Image of Walnut Ridge

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