Elders Peak Senior Apartments

2917 Creech Road, Raleigh, North Carolina 27610

Elders Peak Senior Apartments, located at 2917 Creech Road in Raleigh, has one and two bedroom apartments. Elders Peak Senior Apartments participates in the Low-Income Housing Tax Credit (LIHTC) and HOME Investment Partnerships Program programs.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 684 Income Based
Two Bedroom (2/1) 895 Income Based

Elders Peak Senior Apartments Details

  • 48 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Senior (62+)

Property Amenities

  • Controlled Access
  • Elevator
  • Fitness Center
  • Community Room
  • Library
  • Gazebo
  • Emergency Pull Cord
  • Landscaping
  • Picnic Area
  • State of the Art On-site Clothes Care Center

Unit Amenities

  • Washer/Dryer Hookup
  • Private Patio/Balcony

Office Hours

Day Hours
Tuesday 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
Friday 9:00am-12:00pm , 12:30pm-3:00pm

About Elders Peak Senior Apartments

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!

Low-Income Housing Tax Credit (LIHTC)

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.

HOME Investment Partnerships Program

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.

Raleigh Low-Income Housing Tax Credit Income Limits

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 Elders Peak Senior Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
Low Income (60%) $38,940 $44,520 $50,100 $55,620 $60,120 $64,560 $69,000 $73,440

Elders Peak Senior Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Elders Peak Senior Apartments is managed by The Pendergraph Companies, LLC.

Image of Elders Peak Senior Apartments
Image of Elders Peak Senior Apartments

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