Elders Peak Senior Apartments is managed by The Pendergraph Companies, LLC.
Welcome to Elders Peak Apartments!
62 and over to apply!
Elders Peak located in South Raleigh, has been developed with style, comfort and convenience in mind. Elders Peak is just minutes from a variety of retail shops and service providers.
Your apartment home is equipped with all appliances and washer/dryer connections. Your very own patio or deck provides a lovely view of the grounds. Large walk-in closets, additional cabinets and countertops space in each kitchen and additional shelving and storage in the bathrooms give residents plenty of storage options.
Our residents' most difficult task may be deciding how to spend a day at Elders Peak; visiting with friends in the community room, having a picnic with family, taking a class in the exercise room or reading a new book from the library. The activities are practically endless!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 684 | Income Based |
Two Bedroom (2/1) | 895 | Income Based |
The Elders Peak Senior Apartments waiting list is currently approximately 1 – 1 ½ years.
Last updated on October 21st, 2019Generally, 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 Elders Peak Senior Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $39,700 | $45,350 | $51,000 | $56,650 |
Low Income (60%) | $47,640 | $54,420 | $61,200 | $67,980 |
Day | Hours |
---|---|
Tuesday | 9:00am-12:00pm , 12:30pm-3:00pm |
Tuesday | 9:00am-12:00pm , 12:30pm-3:00pm |
Wednesday | 9:00am-12:00pm , 12:30pm-3:00pm |
Wednesday | 9:00am-12:00pm , 12:30pm-3:00pm |
Thursday | 9:00am-12:00pm , 12:30pm-3:00pm |
Thursday | 9:00am-12:00pm , 12:30pm-3:00pm |
Friday | 9:00am-12:00pm , 12:30pm-3:00pm |
Friday | 9:00am-12:00pm , 12:30pm-3:00pm |
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.