Walnut Woods is more than just a place to live. We offer quality, style, convenience, comfort and affordability. Our spacious floor plans are perfect for today’s busy lifestyle without breaking your budget. Save on transportation by catching the bus right outside your doorstep or quickly jump on the beltline which is right around the corner.We are conveniently located near shopping, schools, hospitals, dining and so much more!
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 Walnut Woods Apartments.
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 |
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.