555 Talmadge Dr, Southern Pines, NC 28387
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
Creston Commons features one-, two-, and three-bedroom apartments located off of Morganton Road in Southern Pines. The complex is conveniently located near Pinecrest Shopping Center and Pinecrest High School.
Because Creston Commons 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 |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,700 / year | $36,200 / year | $40,750 / year | $45,250 / year | $48,900 / year | $52,500 / year |
| 50% AMI for PBRA Units | $31,700 / year | $36,200 / year | $40,750 / year | $45,250 / year | $48,900 / year | $52,500 / year |
| 60% AMI for LIHTC Units | $38,040 / year | $43,440 / year | $48,900 / year | $54,300 / year | $58,680 / year | $63,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Creston Commons have a waiting list?
Creston Commons 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 Creston Commons?
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 Creston Commons?
Creston Commons is managed by DHIC headquartered in Raleigh, NC.
In addition to Creston Commons, how many other affordable housing properties (and units) are there in Southern Pines?
In addition to Creston Commons, we list 10 other affordable properties in Southern Pines. Learn about these properties here. Our data research shows that there are a total of 516 affordable units in Southern Pines.
When was the Creston Commons listing last updated?
Creston Commons listing on Affordable Housing Online was last updated on 04/21/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Housing options for immigrants.
Some housing programs do not have a citizenship requirement, such as Low-Income Housing Tax Credit apartments.Dessiré Rodriguez says:
"Affordable Housing Online is by far, the most up-to-date, comprehensive, and expansive Section 8 information database."