[fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”90px” padding_bottom=”0px” padding_left=”0px” padding_right=”0px” hundred_percent=”yes” equal_height_columns=”yes” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_builder_row][fusion_builder_column type=”1_2″ layout=”1_2″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”solid” padding_top=”30px” padding_right=”30px” padding_bottom=”30px” padding_left=”30px” margin_top=”0px” margin_bottom=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ animation_offset=”” class=”” id=”” min_height=””][fusion_text]

AFFORDABLE APARTMENTS

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Centrally located Wilmington, NC apartment community, with below market rental prices for those who qualify. Willow Pond Apartments recently underwent a $2.5 million rehab, renovating all units inside and out.

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LOCATION

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Conveniently located near Market Street in Wilmington close to both Downtown and the beaches. Easy access to many local employers as well as restaurants, grocery stores, coffee shops, parks, and other conveniences.

SCHOOLS

Forest Hills Elementary | Williston Middle School | New Hanover High School

*Please confirm with schools prior to making a housing decision based on school district.

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3508 Frog Pond Pl, Wilmington, NC 28403″ icon=”” width=”100%” height=”300px” zoom=”14″ scrollwheel=”yes” scale=”yes” zoom_pancontrol=”yes” animation=”yes” popup=”yes” class=”” id=”” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”#f0f0ed” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”85px” padding_left=”” padding_right=”” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none” last=”no” hover_type=”none” link=”” border_position=”all”][fusion_menu_anchor name=”floorplan” class=”” /][fusion_text]

FLOOR PLAN

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[fusion_separator style_type=”none” top_margin=”15″ bottom_margin=”15″ sep_color=”” icon=”” width=”” class=”” id=””/][fusion_builder_row_inner][fusion_builder_column_inner type=”1_2″ last=”no” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”solid” padding=”” class=”” id=””][fusion_imageframe lightbox=”right” style_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0px” stylecolor=”” align=”center” link=”” linktarget=”_self” animation_type=”none” animation_direction=”left” animation_speed=”1″ class=”” id=””] two bedroom floor plan[/fusion_imageframe][/fusion_builder_column_inner][fusion_builder_column_inner type=”1_2″ last=”yes” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”” padding=”” class=”” id=””][fusion_text]The two bedroom units at Willow Pond include a kitchen, open living area, master bedroom, an additional bedroom, a bathroom, and an outdoor patio or balcony.

Rent: $655 / Month
Deposit: $650

Ideal for individuals and small families.

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[/fusion_text][fusion_button link=”/willow-pond/#application” color=”default” size=”large” type=”3d” shape=”round” target=”_blank” title=”” gradient_colors=”transparent|” gradient_hover_colors=”#6797be|” accent_color=”#6797be” accent_hover_color=”#ffffff” bevel_color=”” border_width=”0px” shadow=”no” icon=”” icon_position=”left” icon_divider=”no” modal=”” animation_type=”0″ animation_direction=”left” animation_speed=”1″ alignment=”left” class=”” id=””]APPLICATION[/fusion_button] [fusion_button link=”/contact-us/” color=”default” size=”large” type=”3d” shape=”round” target=”_blank” title=”” gradient_colors=”transparent|” gradient_hover_colors=”#6797be|” accent_color=”#6797be” accent_hover_color=”#ffffff” bevel_color=”” border_width=”0px” shadow=”no” icon=”” icon_position=”left” icon_divider=”no” modal=”” animation_type=”0″ animation_direction=”left” animation_speed=”1″ alignment=”left” class=”” id=””]REQUEST ADDITIONAL INFORMATION[/fusion_button][/fusion_builder_column_inner][/fusion_builder_row_inner]
[/fusion_tab][fusion_tab title=”THREE BEDROOM” icon=”fa-bed”]
[fusion_separator style_type=”none” top_margin=”15″ bottom_margin=”15″ sep_color=”” icon=”” width=”” class=”” id=””/][fusion_builder_row_inner][fusion_builder_column_inner type=”1_2″ last=”no” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”solid” padding=”” class=”” id=””][fusion_imageframe lightbox=”right” style_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0px” stylecolor=”” align=”center” link=”” linktarget=”_self” animation_type=”none” animation_direction=”left” animation_speed=”1″ class=”” id=””] three bedroom floor plan[/fusion_imageframe][/fusion_builder_column_inner][fusion_builder_column_inner type=”1_2″ last=”yes” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”” padding=”” class=”” id=””][fusion_text]Our larger, three bedroom units include a kitchen, open living area, a master bedroom with attached half bathroom, two additional bedrooms, an additional bathroom, and an outdoor patio or balcony.

Rent: $715 / Month
Deposit: $650

Perfect for larger or growing families.

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PROPERTY PHOTOS

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ELIGIBILITY

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Understanding tax credit properties and how leasing an affordable apartment at Willow Pond works.

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Authorized by Congress in 1987, federal Low-Income Housing Tax Credits (Housing Credits) now finance virtually all the new affordable rental housing being built in the United States. Housing Credit rental properties are privately owned and privately managed. In exchange for the financing provided through the tax credit, owners agree to keep rents affordable for a period of 15 to 30 years for families and individuals with incomes at or below 60% of the local median income.

The North Carolina Housing Finance Agency monitors the properties during the compliance period to ensure that rents and residents’ incomes do not exceed federal limits and that the properties are well maintained.  The owners are eligible to take a tax credit equal to 9 percent of the “Qualified Cost” of building or rehabilitating the property (excluding land). The tax credit is available each year for 10 years, as long as the property continues to operate in compliance with program regulations.

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Generally, the privilege of using the credit is sold to an investor or group of investors (syndicated) and the funds are used to provide equity in the new rental development.

Equity from the sale of tax credits reduces the amount of debt financing that the property owner incurs. This reduces the monthly debt service for the property, lowers the operating costs, and makes it economically feasible to operate the property at below-market rents. Residents are responsible for their own rent payments, unless rent subsidies are available from other programs.

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Percent Median One Person Two Person Three Person Four Person
50% $28,350 $32,400 $36,450 $40,500
60% $34,020 $38,880 $43,740 $48,600

Area Median Income for our location is $81,000 as of 04/01/2020. Subject to change.

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APPLICATION

[/fusion_text][fusion_separator style_type=”single solid” top_margin=”” bottom_margin=”40″ sep_color=”#000000″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”170px” alignment=”” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_6″ layout=”1_6″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” min_height=””][/fusion_builder_column][fusion_builder_column type=”2_3″ layout=”2_3″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” min_height=””][fusion_text]

Click the buttons below to be taken to our print application. Once you submit your information someone will be in touch soon.

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[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_6″ layout=”1_6″ last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” min_height=””][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none” last=”no” hover_type=”none” link=”” border_position=”all”][fusion_separator style_type=”none” top_margin=”” bottom_margin=”40″ sep_color=”#ffffff” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”170px” alignment=”” class=”” id=”” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]