• 126 total units, 64 reserved for households at 30%, 60% and 80% Area Median Income (AMI).
• ·These long-term rent restrictions will be locked in for a period of 30 years through a deed restriction.
• The development will be National Green Building Standard Silver certified, including seven level 2 electric vehicle charging stations, and solar panels installed on the roof.
• Laurel Street will construct a public greenway connection between Ryan Road and SE Maynard Road, increasing access to Cary’s greenways and parks.
• The site will feature green stormwater infrastructure as well as traditional stormwater mitigation devices.
• 42% of the total site will be preserved for a green or natural area
• The site is currently well serviced by local transit and is along the future bus rapid transit route between Cary and Raleigh and located within walking distance of Cary’s Downtown.

View our map here. 

Marigold Cary is being developed in partnership with Laurel Street, a Charlotte-based affordable housing developer. See Laurel Street’s website for more information.

Eligibility for most affordable housing programs is determined by the Area Median Income (AMI), which is determined each year by the U.S. Department of Housing and Urban Development. For the 921 SE Maynard Rd Development, 25 of the units will be rented to households earning at or below 80% of the AMI, 26 to those earning at or below 60%, and 13 to those earning at or below 30%. Eligibility for the market rate units will be similar to other market-rate apartment buildings.

Rent prices are not fully determined until the end of construction and will vary by applicant income and household size, but are expected to be between $941-1875 for one bedroom, $1126-1335 for two bedrooms, and $1297-1335 for three bedrooms. Current rent estimates for the affordable units are based on 2023 HUD published income ranges and will adjust annually based on these limits. Market Rate rents may also adjust based on variations in competitive properties in the market area. The above estimates do not include individual rent prices for Wake County or Section 8 voucher holders which will be income-based. If you are a prospective tenant looking for more information, please see Laurel Street’s contact information below.

• Providing more housing choices for all residents
• Supporting residential development on a town-owned, infill site
• Encouraging and supporting the provision of affordable dwellings
• Providing the higher density, transit-oriented housing options in-mixed use centers and along transit corridors
• Ensuring housing development supports environmental quality
• Promoting walkability and connections to nearby commercial centers