Water Garden Park

8109 Marvino Ln, Raleigh, NC 27613

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Call (919) 977-0276 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.

Northwest Raleigh’s newest age-restricted, affordable apartment community located in a beautiful suburban setting. An unbeatable location just 5 minutes from Brier Creek, Crabtree Valley Mall and I-540. These condominium-inspired apartments offer plenty of community gathering spaces. Enjoy amenities such as a resort-like swimming pool, picnic area with grill and outdoor shuffleboard court, plus shaded patios throughout.

managed by DHIC

Dave's Thoughts On Water Garden Park

Because Water Garden Park 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

Water Garden Park Amenities

Elevator
Fitness Center
Community Room
Business Center
Pool
Ceiling Fan(s)
Grilling Area
Blinds
Laundry Facilities
Shuffle Board Table
Resident Lounge
Community Kitchen

Income Qualification for Water Garden Park

*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	7 people	8 people
50% AMI for LIHTC Units	$39,700 / year	$45,350 / year	$51,000 / year	$56,650 / year	$61,200 / year	$65,750 / year	$70,250 / year	$74,800 / year
50% AMI for PBRA Units	$39,700 / year	$45,350 / year	$51,000 / year	$56,650 / year	$61,200 / year	$65,750 / year	$70,250 / year	$74,800 / year
60% AMI for LIHTC Units	$47,640 / year	$54,420 / year	$61,200 / year	$67,980 / year	$73,440 / year	$78,900 / year	$84,300 / year	$89,760 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Water Garden Park

Does Water Garden Park have a waiting list?

Water Garden Park 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 Water Garden Park?

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 Water Garden Park?

Water Garden Park is managed by DHIC headquartered in Raleigh, NC.

In addition to Water Garden Park, how many other affordable housing properties (and units) are there in Raleigh?

In addition to Water Garden Park, 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.

When was the Water Garden Park listing last updated?

Water Garden Park listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.