400 Grand Rock Way, Rolesville, NC 27571
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,136 - 1,361 per Month† | 1 - 2 Beds | 1 - 2 Baths | 670 - 904 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.
The Grande at Granite Falls has unmatched design and comfort that meet all your desires while offering affordable rental rates. This senior community caters to persons ages 62 and up.
Located off South Main Street & Redford Place Drive in Rolesville, NC these apartments are not only accessible to multiple dining and retail options but are minutes away from Main Street Park and the United States Post Office. This stunning 1 and 2 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. The 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 their outdoor gazebo. The clubhouse offers a business center and a cozy community room where you can shop online while getting laundry done. These are a few reasons to make The Grande at Granite Falls your new home.
Because The Grande at Granite Falls 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.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 670ft2 | $1,136† |
| 2 Bedroom (2/2) | 904ft2 | $1,361† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,700 / year | $45,350 / year | $51,000 / year | $56,650 / year |
| 50% AMI for PBRA Units | $39,700 / year | $45,350 / year | $51,000 / year | $56,650 / year |
| 60% AMI for LIHTC Units | $47,640 / year | $54,420 / year | $61,200 / year | $67,980 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Grande at Granite Falls have a waiting list?
The Grande at Granite Falls 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 The Grande at Granite Falls?
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 The Grande at Granite Falls?
The Grande at Granite Falls is managed by GEM Management, LLC headquartered in Charlotte, North Carolina.
In addition to The Grande at Granite Falls, how many other affordable housing properties (and units) are there in Wake County?
In addition to The Grande at Granite Falls, 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 The Grande at Granite Falls listing last updated?
The Grande at Granite Falls listing on Affordable Housing Online was last updated on 03/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Selina Irene says:
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