The Arcadia

5608 Crescent Dr., Durham, NC 27517

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey

Rent	Beds	Baths	SqFt
$431 - 1,545 per Month^†	1 - 3 Beds	1 Bath	-

This property is currently under construction.

Live the life you want at The Acadia. Located in Woodland Acres, one of Durham’s most desirable neighborhoods, this brand-new community redefines comfortable living and the price tag that comes with it.

Find your place of peace in one of their contemporary one-, two- and three-bedroom apartment homes. Step outside your door into nature and take in the beauty of the natural wooded setting, while also enjoying the convenience of retail, restaurants and I-40 just minutes away.

Dave's Thoughts On The Arcadia

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests The Arcadia does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

The Arcadia Amenities

Fitness Center
Playground
Computer Lab
Community Room
Walk-in Closet(s)
Storage
Kitchen Pantry
Laundry Facility
Picnic Area

Units at The Arcadia

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	$431 $1,545^†
Two Bedroom (2/1)	-	$431 $1,545^†
Three Bedroom (3/1)	-	$431 $1,545^†

Income Qualification for The Arcadia

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$35,400 / year	$40,450 / year	$45,500 / year	$50,550 / year	$54,600 / year	$58,650 / year
50% AMI for PBRA Units	$35,400 / year	$40,450 / year	$45,500 / year	$50,550 / year	$54,600 / year	$58,650 / year
60% AMI for LIHTC Units	$42,480 / year	$48,540 / year	$54,600 / year	$60,660 / year	$65,520 / year	$70,380 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Arcadia

Does The Arcadia have a waiting list?

The Arcadia probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at The Arcadia?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges The Arcadia?

The Arcadia is managed by Laurel Street Residential headquartered in Charlotte, NC.

In addition to The Arcadia, how many other affordable housing properties (and units) are there in Durham?

In addition to The Arcadia, we list 367 other affordable properties in Durham. Learn about these properties here. Our data research shows that there are a total of 6546 affordable units in Durham.

When was the The Arcadia listing last updated?

The Arcadia listing on Affordable Housing Online was last updated on 04/11/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.