404 Hunter Falls Ln, Rolesville, NC 27571
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $900 - 950 per Month† | 2 - 3 Beds | 2 - 3 Baths | 1,072 - 1,229 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.
Welcome to Granite Falls
Granite Falls has unmatched design and comfort that meet all your desires while offering affordable rental rates.
Located off South Main Street & Rogers Road in Rolesville, NC these apartments are not only accessible to multiple dining and retail options but are minutes away from downtown Raleigh. This stunning 2 and 3 bedroom apartment homes come loaded with all the must-haves. Fully furnished kitchens with white appliances, beautiful countertops, and cherry cabinets will be the place of family dinners and midnight snacks. This apartment homes feature washer and dryer connections, generous walk-in closets making it easy to store and organize, and refreshing bathrooms.
When you want to relax at the end of a long day, gather with neighbors at the gazebo or enjoy the community playground. The clubhouse offers a business center and a cozy meeting room area with café where you can shop online or work remotely while getting laundry done. These are a few reasons to make Granite Falls your new home.
While they are practicing social distancing, please email them at granitefalls@gemmanagement.net with any concerns or questions.
Because Granite Falls Apartments 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 (2/2) | 1072ft2 | $900† |
| Three Bedroom (3/3) | 1229ft2 | $950† |
| 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 Granite Falls Apartments have a waiting list?
Granite Falls Apartments 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 Granite Falls Apartments?
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 Granite Falls Apartments?
Granite Falls Apartments is managed by GEM Management, LLC headquartered in Charlotte, North Carolina.
In addition to Granite Falls Apartments, how many other affordable housing properties (and units) are there in Wake County?
In addition to Granite Falls Apartments, we list 190 other affordable properties in Wake County. Learn about these properties here. Our data research shows that there are a total of 11247 affordable units in Wake County.
When was the Granite Falls Apartments listing last updated?
Granite Falls Apartments 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.
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.La'Velle D Jackson says:
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