Village of New Hope

4320 Magnolia Green Ln, Raleigh, North Carolina 27604

Contact Village of New Hope

Offers Two and Three bedroom garden apartment homes and townhouses for individuals and familes. Located just minutes away from schools, shopping, US 64 and I 440.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom Garden (2/1)	944	Call for Price
Two Bedroom Town House (2/2.5)	985	Call for Price
Three Bedroom Garden (3/2)	1203	Call for Price
Three Bedroom Town House (3/2.5)	1380	Call for Price

Eligibility for Village of New Hope

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 Raleigh but actual income limits may differ for units at Village of New Hope.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$39,700	$45,350	$51,000	$56,650	$61,200	$65,750
Low Income (60%)	$47,640	$54,420	$61,200	$67,980	$73,440	$78,900

Village of New Hope Details

45 two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Community Room
On-Site Manager
24hr Emergency Maintenance
Laundry Facilities

Unit Amenities

Handicapped Accessible
Dishwasher
Washer and Dryer Hookup
Cable Ready
Carpet
Stove
Mini Blinds & Curtain Rods
Frost-Free Refrigerator

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.