Highland Terrace is managed by Community Management Corporation.
Located near the heart of downtown Cary, Highland Terrace is an 80-unit apartment community for seniors 55 and greater. As the final phase of the Highland Village community, its convenient location provides residents with easy access to shopping, restaurants, health care, the Cary Senior Center and public transportation via C-Tran. In addition, Highland Terrace offers energy-efficient heating/cooling and appliances, water-saving fixtures, and a healthy living environment as DHIC's first LEED certified development.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
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 Cary but actual income limits may differ for units at Highland Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $35,400 | $40,450 | $45,500 | $50,550 |
Low Income (60%) | $42,480 | $48,540 | $54,600 | $60,660 |
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.