605 Pineburr Avenue SW, Valdese, NC 28690
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $375 - 740 per Month† | 1 - 3 Beds | 1 - 2 Baths | 806 - 1,213 Sq Ft |
This property is currently under construction.
Pine Crossing is an upcoming affordable apartment community that will be offering one, two, and three bedroom units. The property is projected to open in 2024.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Pine Crossing Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 806ft2 | $375 $585† |
| Two Bedroom (2/2) | 1053ft2 | $440 $650† |
| Three Bedroom (3/2) | 1213ft2 | $610 $740† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,000 / year | $28,550 / year | $32,100 / year | $35,650 / year | $38,550 / year | $41,400 / year |
| 50% AMI for PBRA Units | $25,000 / year | $28,550 / year | $32,100 / year | $35,650 / year | $38,550 / year | $41,400 / year |
| 60% AMI for LIHTC Units | $30,000 / year | $34,260 / year | $38,520 / year | $42,780 / year | $46,260 / year | $49,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Pine Crossing Apartments have a waiting list?
Pine Crossing 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 Pine Crossing 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 Pine Crossing Apartments?
Pine Crossing Apartments is managed by United Property Management headquartered in Raleigh, NC.
In addition to Pine Crossing Apartments, how many other affordable housing properties (and units) are there in Valdese?
In addition to Pine Crossing Apartments, we list 5 other affordable properties in Valdese. Learn about these properties here. Our data research shows that there are a total of 337 affordable units in Valdese.
When was the Pine Crossing Apartments listing last updated?
Pine Crossing Apartments listing on Affordable Housing Online was last updated on 04/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
2400 Mourglea Ave SE, Valdese, North Carolina 28690
1120 Refour Ave SE, Valdese, North Carolina 28690
903 Pineburr Ave SE, Valdese, North Carolina 28690
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Monica Blackwell says:
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