Peters Creek

7266 South Barren Rd, Roanoke, Virginia 24019

Peters Creek, located at 7266 South Barren Rd in Roanoke, has two and three bedroom apartments. Peters Creek participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Message Peters Creek

Waiting List is Open Now

Last updated on February 24th, 2017


Unit (Bd/Ba) Ft2 Rent
Two Bedroom Two Bath (2/2) 1000 $728
Three Bedroom Two Bath (3/2) 1320 $838

Peters Creek Details

  • 192 two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Pool
  • 24hr Emergency Maintenance
  • Online Payments Accepted
  • Pet Friendly
  • Beautiful Landscape
  • Picnic Area

Unit Amenities

  • Washer/Dryer Hookup
  • Cable Ready
  • Walk-in Closet(s)
  • Blinds
  • Central Heat & Air
  • Electric Range
  • Dining Area
  • Private Master Baths
  • Private Patio/Balcony
  • Carpeted Bedroom

About Peters Creek



IT’S ABOUT AFFORDABILITY… enjoy large two and three bedroom apartments with numerous amenities at an affordable price.

IT’S ABOUT LIFESTYLE… you’ll love the space and convenience that Peters Creek has to offer residents!


We are an apartment community in Roanoke, Virginia.  While we live amongst a beatiful, natural landscape, we are still close the the airport, shopping centers, I-81 AND 220.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Roanoke Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Roanoke but actual income limits may differ for units at Peters Creek.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
Low Income (60%) $30,720 $35,100 $39,480 $43,860 $47,400 $50,880 $54,420 $57,900

Peters Creek was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Peters Creek is managed by Grady Management Inc..

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