Highland Terrace
1500 Highland Village Drive, Cary, NC 27511
HUD lists it as senior housing · 59 1BR, 21 2BR
- Apartments
- 80
- Income-restricted
- 80
- Placed in service
- 2011
North Carolina
Tax credit apartments in Cary, NC
HUD's database lists 10 properties in Cary built or rehabbed with low-income housing tax credits: 670 apartments, 670 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Highland Village
600 Malcolm Valley Place, Cary, NC 27511
10 1BR, 25 2BR, 15 3BR
- Apartments
- 50
- Income-restricted
- 50
- Placed in service
- 2005
Rose Park Manor
128 SW Maynard Road, Cary, NC 27511
HUD lists it as senior housing · 59 1BR, 22 2BR
- Apartments
- 81
- Income-restricted
- 81
- Placed in service
- n/a
Ryan Spring
616 Ryan Road, Cary, NC 27511
HUD lists it as senior housing · 23 1BR, 19 2BR
- Apartments
- 42
- Income-restricted
- 42
- Placed in service
- n/a
Sedgebrook
200 Sedgebrook Drive, Cary, NC 27511
24 2BR, 8 3BR
- Apartments
- 32
- Income-restricted
- 32
- Placed in service
- 1995
The Commons At Highland Village
100 Highland Commons Court, Cary, NC 27511
HUD lists it as senior housing · 52 1BR, 16 2BR
- Apartments
- 68
- Income-restricted
- 68
- Placed in service
- 2004
The Grove At Cary Park
4545 Cary Glen Blvd, Cary, NC 27519
20 1BR, 60 2BR, 24 3BR, 16 4BR
- Apartments
- 120
- Income-restricted
- 120
- Placed in service
- 2003
Weatherstone Spring Congregate Care Living Seniors
200 Weather Ridge Lane, Cary, NC 27513
HUD lists it as senior housing · 60 1BR, 12 2BR
- Apartments
- 72
- Income-restricted
- 72
- Placed in service
- 2005
Westwood Park Apts
600 Glendon Way, Cary, NC 27519
48 2BR, 24 3BR
- Apartments
- 72
- Income-restricted
- 72
- Placed in service
- 1999
Willow Creek
2000 Golden Willow Court, Cary, NC 27519
HUD lists it as senior housing · 37 1BR, 16 2BR
- Apartments
- 53
- Income-restricted
- 53
- Placed in service
- 2015
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.