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!
|Two Bedrooms (2/2)||990||$911|
|Three Bedrooms (3/2)||1167||$1,039|
|Four Bedrooms (4/3)||1438||$1,144|
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.
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%)||$37,450||$42,800||$48,150||$53,500||$57,800||$62,100||$66,350||$70,650|
|Low Income (60%)||$44,940||$51,360||$57,780||$64,200||$69,360||$74,520||$79,620||$84,780|
Walnut Ridge is managed by WinnCompanies.