Gracens Ridge Apartments

338 W College Avenue, Shelby, NC 28152

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell

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

Call (704) 434-0067 Email

Waitlist Forecast

Since this property doesn't seem to have a project-based subsidy program subsidizing the rent, the waiting list may be short or there may not be a waiting list at all. 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.

Dave's Thoughts On Gracens Ridge Apartments

This property participates in the LIHTC program and USDA Section 515.

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Gracens Ridge Apartments

*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	$24,250 / year	$27,700 / year	$31,150 / year	$34,600 / year	$37,400 / year	$40,150 / year	$42,950 / year	$45,700 / year
50% AMI for PBRA Units	$24,250 / year	$27,700 / year	$31,150 / year	$34,600 / year	$37,400 / year	$40,150 / year	$42,950 / year	$45,700 / year
60% AMI for LIHTC Units	$29,100 / year	$33,240 / year	$37,380 / year	$41,520 / year	$44,880 / year	$48,180 / year	$51,540 / year	$54,840 / year

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

FAQs for Gracens Ridge Apartments

Does Gracens Ridge Apartments have a waiting list?

Gracens Ridge 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 Gracens Ridge 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 Gracens Ridge Apartments?

Gracens Ridge Apartments is managed by GEM Management, LLC headquartered in Charlotte, North Carolina.

In addition to Gracens Ridge Apartments, how many other affordable housing properties (and units) are there in Shelby?

In addition to Gracens Ridge Apartments, we list 49 other affordable properties in Shelby. Learn about these properties here. Our data research shows that there are a total of 1047 affordable units in Shelby.

When was the Gracens Ridge Apartments listing last updated?

Gracens Ridge Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.