About This Property
Chestnut Hills offers 50 low-income units in Raleigh, NC, with a unit mix of thirty-six 2-bedroom and fourteen 3-bedroom apartments designed to serve families. The property, which has been in service since 2003, is funded through HOME and operates under 9% LIHTC credit financing. This affordable housing community provides rental options for income-qualified households in Wake County.
Waitlist Information
Waitlist managed by Housing Authority of the City of Raleigh
Pre-applications were selected based on time and date of submission plus applicable preferences; only one pre-application per household was permitted. Preferences included Wake County residency/employment, mobility-impairment for accessible units, working families (35+ hours/week for 24+ months), elderly (62+), and disabled individuals.
Eligibility is based on total annual gross income and family size, limited to US citizens and specified categories of non-citizens with eligible immigration status, generally not exceeding 50% of the median income; RHA implements preferences. Families typically pay between 30% and 40% of their adjusted annual income towards housing.
Waitlist data provided by section8waitlist.org
Updated June 23, 2026
Property Details
Fair Market Rent - Wake 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 | $1,427 |
| 1 Bedroom | $1,466 |
| 2 Bedroom | $1,646 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,711 |
Income Limits - Wake County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,100
- Low (80%)
- $68,900
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,850
- Low (80%)
- $76,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,550
- Low (80%)
- $88,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,350
- Low (80%)
- $94,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,200
- Low (80%)
- $101,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,600 |
| 2 Persons | $23,000 | $38,300 | $61,250 |
| 3 Persons | $25,850 | $43,100 | $68,900 |
| 4 Persons | $28,700 | $47,850 | $76,550 |
| 5 Persons | $31,040 | $51,700 | $82,700 |
| 6 Persons | $35,580 | $55,550 | $88,800 |
| 7 Persons | $40,120 | $59,350 | $94,950 |
| 8 Persons | $44,660 | $63,200 | $101,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Raleigh, NC?+
The Fair Market Rent (FMR) for Wake County, NC is: $1427 (Studio), $1466 (1BR), $1646 (2BR), $2035 (3BR), $2711 (4BR). Actual rent at subsidized properties like Chestnut Hills is typically 30% of household income or less.
What size apartments are available at Chestnut Hills?+
Chestnut Hills offers the following unit types: 36 Two-Bedroom, 14 Three-Bedroom units, for a total of 50 units.
Who manages Chestnut Hills?+
Chestnut Hills is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Raleigh, NC?+
Based on Fair Market Rent for Wake County, the estimated price range is: 2-bedroom: $1646, 3-bedroom: $2035. Actual rent at Chestnut Hills may be lower for income-eligible households.
Is there a waitlist for Chestnut Hills?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Chestnut Hills?+
Chestnut Hills 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.
Who is eligible to live at Chestnut Hills?+
Chestnut Hills primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Wake County, NC?+
For a 4-person household in Wake County, NC, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,850, Low Income (80% AMI): $76,550. 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.
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