Crenshaw Trace

987 Durham Rd, Wake Forest, NC 27587

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Connor Bailey, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath 736 - 900 Sq Ft
check_circle  Near Elderly (55+)
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.

Crenshaw Trace features 68 apartment homes that are age-restricted to residents 55 and older. Conveniently located in Wake Forest, the property offers modern, spacious and comfortable 1 and 2 bedroom apartments at affordable rents.

Dave's Thoughts On Crenshaw Trace

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 Crenshaw Trace 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Crenshaw Trace Amenities

  • Controlled Access
  • Elevator
  • Fitness Center
  • Computer Lab
  • Library
  • On-Site Manager
  • 24hr Emergency Maintenance
  • Ceiling Fan(s)
  • Dishwasher
  • Microwave
  • Cable Ready
  • Refrigerator
  • Oven and Range
  • Extra Storage
  • Water Trash and Sewer Included
  • Kitchen Pantry
  • Central Heat & Air
  • Mini Blinds & Curtain Rods
  • Laundry Facilities
  • Smoke Free
  • Game Room
  • Energy Efficient Appliances
  • Resident Lounge
  • Carpeted Bedroom

Units at Crenshaw Trace

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 736ft2 Call for Price
Two Bedroom (2/1) 900ft2 Call for Price

Income Qualification for Crenshaw Trace

*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
50% AMI for LIHTC Units $39,700 / year $45,350 / year $51,000 / year $56,650 / year
50% AMI for PBRA Units $39,700 / year $45,350 / year $51,000 / year $56,650 / year
60% AMI for LIHTC Units $47,640 / year $54,420 / year $61,200 / year $67,980 / year

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

FAQs for Crenshaw Trace

Does Crenshaw Trace have a waiting list?

Crenshaw Trace 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 Crenshaw Trace?

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 Crenshaw Trace?

Crenshaw Trace is managed by Excel Property Management headquartered in Raleigh, NC , North Carolina.

In addition to Crenshaw Trace, how many other affordable housing properties (and units) are there in Wake Forest?

In addition to Crenshaw Trace, we list 20 other affordable properties in Wake Forest. Learn about these properties here. Our data research shows that there are a total of 631 affordable units in Wake Forest.

When was the Crenshaw Trace listing last updated?

Crenshaw Trace listing on Affordable Housing Online was last updated on 09/06/2022 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Crenshaw Trace

Turnberry Apartments

755 S White St, Wake Forest, North Carolina 27587

bed 1
payment Subsidized
elderly Senior
accessibility Accessible

Ridgewood Apartments

1018 Wait Avenue, Wake Forest, North Carolina 27587

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Glen Royal Mill

876 North Main Street, Wake Forest, North Carolina 27587

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

912 Siena Dr

912 Siena Dr, Wake Forest, North Carolina 27587

bed 3
payment $1949/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1128 Shasta Daisy Dr

1128 Shasta Daisy Dr, Wake Forest, North Carolina 27587

bed 4
payment $2675/mo.

837 E Wait Ave

837 E Wait Ave, Wake Forest, North Carolina 27587

bed 4
payment $2450/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.