Wynwood Place

713 Vardaman St, Raleigh, North Carolina 27610

Wynwood Place, located at 713 Vardaman St in Raleigh, has two bedroom apartments. Wynwood Place participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedrooms (2/1) 824 $850

Wynwood Place Details

  • 24 two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Off Street Parking

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Cable Ready
  • Refrigerator
  • Central Heat & Air

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-1:00pm

About Wynwood Place

Be the first to call the new Wynwood Place Apartments home and experience all the conveniences Raleigh has to offer. Wynwood Place is located less than a mile from I-440 providing easy access to the entire Triangle Area while being nicely tucked away inside the beltline within easy walking/biking distance of downtown.

Your newly-renovated two-bedroom, one-bath apartment homes at Wynwood Place provided upgraded, contemporary features such as:

  • Handscraped Hardwood Laminate Flooring
  • New Kitchens with Granite Countertops
  • Built-in Microwaves
  • Stainless Steel Appliances
  • Brushed Nickel Fixtures

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.

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 Wynwood Place.

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

Wynwood Place 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.

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