Tranquil Villas of Newnan

807 Tranquil Lane, Newnan, GA

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Waitlist Forecast

Since this property doesn't seem to have a project-based subsidy program subsidizing the rent, the waiting list may be short or there may not be a waiting list at all. 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.

Dave's Thoughts On Tranquil Villas of Newnan

This property was financed by the USDA Section 515 program. This housing program was used to build affordable apartment communities in rural areas from the 1970’s through the 1990’s, with very few new properties built since then. Historically, the program had financial restrictions that limited the size, quality and amenities at properties. Unless Tranquil Villas of Newnan has been renovated, it is likely to have smaller units and fewer amenities. Since the property is in a rural area, it may be one of only a few affordable rentals in the area. This property appears to not offer any tenant rent subsidies, so there may be a shorter waiting list or none at all. Section 515 properties with a rent subsidy (Section 8 or USDA Section 521) If you live in a rural area and can pay your own rent, this property may be for you. Since this property participates in the RD 515 program, it is required to accept Section 8 vouchers no matter if it is located in a jurisdiuction that permits source of income discrimination.

~ Dave Layfield, Founder of Affordable Housing Online

FAQs for Tranquil Villas of Newnan

Does Tranquil Villas of Newnan have a waiting list?

Tranquil Villas of Newnan 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 Tranquil Villas of Newnan?

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.

In addition to Tranquil Villas of Newnan, how many other affordable housing properties (and units) are there in Newnan?

In addition to Tranquil Villas of Newnan, we list 121 other affordable properties in Newnan. Learn about these properties here. Our data research shows that there are a total of 1834 affordable units in Newnan.