New Affordable Apartments Open in North Raleigh

Wakefield Commons is a new affordable apartment complex located in North Raleigh. The 80-unit community is made up of 56 two-bedroom and 24 three-bedroom apartments. All units must be rented to individuals or families who make less than 60% of the Area Median Income. For instance a family of four making less than $50,580 per year would qualify. Many units are targeted for even lower incomes.

The City of Raleigh is proud to provide $750,000 in financing through bond funds. Wakefield Commons was developed by Taft Development Group and built by Mill Construction.

To qualify for the income restricted (80% or below of Area Median Income) homes your income must fall within the chart. 

Family Size HUD Gross Income Limit
1 $47,250
2 $54,000
3 $60,750
4 $67,450
5 $72,850
6 $78,250
7 $83,650
8 $89,050

Annual Federal Spending Reporting

Annual Federal Spending Reporting 


The Community Development Division is unique within the City of Raleigh because it is primarily federally funded. The Federal government requires that these funds are spent responsibly and benefit low-and moderate-income residents. Every year the Community Development Division produces an Annual Action Plan to show how federal monies will be spent in the coming fiscal year. The Consolidated Annual Performance and Evaluation Report (CAPER) is a yearly report to the US Department of Housing and Urban Development demonstrating how federal funds are spent.

The City is committed to creating 570 affordable housing units a year for the next 10 years. There are four programs the Community Development Division uses to meet this goal. The programs provide assistance with homeownership, neighborhood revitalization, creation of rental developments, and provide owneroccupied loans in order to bring homes up to proper living standards.


Community Report on Housing and Community Development Planned Expenditures (2017-18)

Consolidated Annual Performance and Evaluation Report Summary (2016-17)