The Village at Washington Terrace is a DHIC affordable housing community, funded in part by the National Affordable Housing Trust, Wells Fargo, NC Housing Finance Agency, and the City of Raleigh, and managed by Community Management Corporation (CMC).
The community offers a total of 162 apartment homes: 54 one-bedroom/1 bath units, 78 two-bedroom garden and townhome style units with 1.5 or 2 bathrooms, respectively and 30 three-bedroom/2 bath units available to households with incomes at or below 60% of area median income. In Wake County, 50% of AMI for a family of one is $29,550 and for a family of four is $42,150; 60% AMI for a family of one is $35,460 and a family of four is $50,580.
The Washington Terrace community is DHIC’s largest multi-phase community. In addition to energy-efficient affordable housing, the property will also include on-site management services, a 5,400 square foot child care facility leased and operated by the Methodist Home for Children, community clubhouse, business center, laundry facility, fitness room, and on-site resident services coordination.
The area around the community clubhouse will include age-appropriate children’s play areas, community gardens, picnic shelters and grills, and other areas for residents to enjoy the outdoors. Our community is pet free and only allows smoking in designated outdoor areas.
Flat Rents (rents are not based on income):
- Rents for 1 bedroom units range from $592 – $692
- Rents for 2 bedroom units range from $685 – $884
- Rents for 3 bedroom units range from $778 – $908
*Accessible units are available
For information about Booker Park North at Washington Terrace, the seniors’ community designated for individuals 62 and older please click here.