February 11, 2019
We are excited to announce that Booker Park North at Washington Terrace is nearing completion. Due to the high demand, we are no longer accepting applications in order to allow Community Management Corporation to process that applications they have received.
Booker Park North, a DHIC affordable housing community for individuals 62 and older, is the second phase of the Washington Terrace redevelopment plan. This community was funded in part by Enterprise Community Investment, NC Housing Finance Agency, State Employees Credit Union Foundation, the City of Raleigh and Wake County, and professionally managed by Community Management Corporation (CMC).
The independent living community will include a total of 72 apartment homes, 58 one-bedroom and 14 two- bedroom apartments, for households with incomes at or below 60% of the area median income (AMI). In Wake County, 60% AMI for a family of one is $35,460 and a family of two is $40,500. Rents for the one-bedroom apartments will range from $420-$705 and rents for the two-bedroom apartments will range from $500-$840. Features include washer and dryer hook-ups in each apartment, tenant storage areas, and a covered drive through entrance. Accessible units are also available. The property will include a common laundry facility, computer center for residents, community gathering room with kitchen, fitness room, indoor and outdoor sitting areas, and on-site resident services coordination and management offices.
Flat Rents (rents are not based on income):
- Rents for 1 bedroom units range from $420 – $705
- Rents for 2 bedroom units range from $500 – $840
*Accessible units are available
- 1 month’s rent.
Pet Deposits (breed/size restrictions per pet policy):
Screening Criteria Requirements:
All applicants and individuals listed on application will have criminal, credit and rental screenings completed as part of the approval process as described in our Tenant Selection Plan. Incomes for each household shall not exceed 60% area median income for Wake County, NC. All incomes and assets will be verified to ensure income requirements are met.
Minimum Income Requirements:
- Households must meet the income requirements of at least two (2) times the current rent rates plus estimated utilities.
- Applicants holding Housing Choice Vouchers must meet the income requirements of two-and-a-half (2 ½) times their tenant portion plus estimated utilities, or $300 whichever is greater.
Tenant Utilities Required:
Electricity usage will be billed by Duke Energy directly and service must be placed in the name of the person on the lease.
If you have any questions, please contact the leasing office directly at (919) 833-1102 between the hours of 10:00AM – 4:00PM, Monday through Friday.