The Prairie Building, one of Raleigh’s oldest and most architecturally significant buildings, features 11 apartments that deliver modern conveniences and the ease of living in a downtown historic setting. Designed in the 1870s by prominent local architect Joseph P. Prairie, the building is located in the Moore Square historic district at 113 S. Wilmington Street, close to restaurants museums, parks, and public transportation. Three two-bedroom and eight one-bedroom apartments are located on the second and third floors. All the charm of a historic property with high ceilings and original wood floors!
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 Prairie Building.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $39,700 | $45,350 | $51,000 | $56,650 | $61,200 | $65,750 | $70,250 | $74,800 |
Low Income (60%) | $47,640 | $54,420 | $61,200 | $67,980 | $73,440 | $78,900 | $84,300 | $89,760 |
Day | Hours |
---|---|
Monday | 10:00am-2:00pm |
Tuesday | 10:00am-2:00pm |
Wednesday | 10:00am-2:00pm |
Thursday | 10:00am-2:00pm |
Friday | 10:00am-2:00pm |
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.