705 E Main St , Durham, NC 27703
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $850 - 1,400 per Month† | 1 - 4 Beds | 1 - 2.5 Baths | 704 - 1,429 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Welcome to The Pointes at Downtown Crossing where you can find convenience, quality, and spacious living at Franklin Village, Calvert Place and Main Street Townhomes. The Pointes at Downtown Crossing is where residents can experience a carefree, relaxing lifestyle tucked away from the hustle and bustle, yet just minutes to downtown Durham. Perfectly situated in a prime location. The Pointes at Downtown Crossing is a short distance to Freeway 147, offering quick access to shopping malls, hospitals, and entertainment; just about anything you are looking for. Our communities feature one, two, three, and four bedroom apartment homes amidst beautiful landscaping. The Pointes at Downtown Crossing offers a variety of amenities such as fully equipped kitchens, large walk in closets, electric appliances, balconies and patio with outside storage and free off street parking. Tour our photo gallery and see why one of these communities is the perfect place to call home.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the RAD Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since The Pointes at Downtown Crossing has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (Calvert Place) (1/1) | 704ft2 | Call for Price† |
| One Bedroom One Bath (Main Street) (1/1) | 755ft2 | Call for Price† |
| Two Bedroom Two Bath (Main Street) (2/2) | 1021ft2 | $850† |
| Two Bed Two in a half Bath (Franklin Village) (2/2.5) | 1024ft2 | $950† |
| Two Bedroom One in a half Bath (Calvert Place) (2/1.5) | 1067ft2 | $950† |
| Three Bedroom Two in a half Bath (Calvert Place) (3/2.5) | 1061ft2 | $975† |
| Three Bedroom Two in a half Bath (Franklin Village) (3/2.5) | 1305ft2 | $975† |
| Three Bedroom Two in a half Bath (Main Street) (3/2.5) | 1330ft2 | $870† |
| Four Bedroom Two in a half Bath (4/2.5) | 1429ft2 | $1,400† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,250 / year | $24,300 / year | $27,350 / year | $30,350 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year | $65,520 / year | $70,380 / year | $75,240 / year | $80,100 / year |
| 80% AMI for PBRA Units | $56,650 / year | $64,750 / year | $72,850 / year | $80,900 / year | $87,400 / year | $93,850 / year | $100,350 / year | $106,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Pointes at Downtown Crossing have a waiting list?
The Pointes at Downtown Crossing probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Pointes at Downtown Crossing?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges The Pointes at Downtown Crossing?
The Pointes at Downtown Crossing is managed by The Community Builders, Inc. headquartered in Boston
In addition to The Pointes at Downtown Crossing, how many other affordable housing properties (and units) are there in Durham?
In addition to The Pointes at Downtown Crossing, we list 92 other affordable properties in Durham. Learn about these properties here. Our data research shows that there are a total of 6794 affordable units in Durham.
When was the The Pointes at Downtown Crossing listing last updated?
The Pointes at Downtown Crossing listing on Affordable Housing Online was last updated on 01/03/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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