Calvary Trace is managed by Excel Property Management.
Calvary Trace offers two and three bedroom apartments in the heart of Raleigh. This apartment homes feature spacious two and three bedroom floor plans with two full baths, washer and dryer connections, private patio, additonal storage and beautiful kitchen with refrigerator, range and dishwasher.
This community amenities include fitness center, computer room, playground and picnic area with grills. They are a SMOKE FREE community and pet friendly!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/1) | - | 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 Raleigh but actual income limits may differ for units at Calvary Trace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $39,700 | $45,350 | $51,000 | $56,650 | $61,200 | $65,750 |
Low Income (60%) | $47,640 | $54,420 | $61,200 | $67,980 | $73,440 | $78,900 |
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.