Valley River Apartments

2334 U.S. Hwy 19, Murphy, North Carolina 28906

Contact Valley River Apartments

Valley River Apartments are an upcoming affordable community offering one, two, and three bedroom units. Amenities will include a computer center, energy STAR appliances, on-site laundry facility, community room, and outdoor seating areas. The community is currently under construction and scheduled to open in Spring 2024.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	806	From $520 To $598
Two Bedroom (2/2)	1053	From $624 To $718
Three Bedroom (3/2)	1213	From $687 To $780

This property is currently under construction.

Eligibility for Valley River Apartments

Valley River Apartments Details

56 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Computer Lab
Community Room
On-Site Manager
24hr Emergency Maintenance
Gazebo
On-Site Recycling
Energy Star Appliances
Energy Efficient Design
Laundry Facility
Picnic Area
Community Kitchen

Unit Amenities

Ceiling Fan(s)
Washer and Dryer Hookup
Water Trash and Sewer Included
Large Closets

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.