About This Property
Driftwood offers 36 low-income units in Creedmoor serving families, individuals with disabilities, and formerly homeless residents. The community includes twelve one-bedroom and twenty-four two-bedroom apartments and has been in service since 2008. The property participates in the 4% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Granville County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,013 |
| 1 Bedroom | $1,040 |
| 2 Bedroom | $1,168 |
| 3 Bedroom | $1,579 |
| 4 Bedroom | $1,739 |
Income Limits - Granville County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,400
- Very Low (50%)
- $24,000
- Low (80%)
- $38,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,850
- Low (80%)
- $49,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,250
- Low (80%)
- $54,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,000
- Low (80%)
- $59,200
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,750
- Low (80%)
- $63,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,250
- Low (80%)
- $72,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,400 | $24,000 | $38,400 |
| 2 Persons | $17,420 | $27,400 | $43,850 |
| 3 Persons | $21,960 | $30,850 | $49,350 |
| 4 Persons | $26,500 | $34,250 | $54,800 |
| 5 Persons | $31,040 | $37,000 | $59,200 |
| 6 Persons | $35,580 | $39,750 | $63,600 |
| 7 Persons | $40,120 | $42,500 | $68,000 |
| 8 Persons | $44,660 | $45,250 | $72,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Creedmoor, NC?+
The Fair Market Rent (FMR) for Granville County, NC is: $1013 (Studio), $1040 (1BR), $1168 (2BR), $1579 (3BR), $1739 (4BR). Actual rent at subsidized properties like Driftwood is typically 30% of household income or less.
What size apartments are available at Driftwood?+
Driftwood offers the following unit types: 12 One-Bedroom, 24 Two-Bedroom units, for a total of 36 units.
Who is eligible to live at Driftwood?+
Driftwood primarily serves families, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Creedmoor, NC?+
Based on Fair Market Rent for Granville County, the estimated price range is: 1-bedroom: $1040, 2-bedroom: $1168. Actual rent at Driftwood may be lower for income-eligible households.
Who manages Driftwood?+
Driftwood is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Driftwood?+
Driftwood is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Granville County, NC?+
For a 4-person household in Granville County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,250, Low Income (80% AMI): $54,800. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.