Rankin School Place

1611 Spry St, Greensboro, NC 27405

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 - 2 Baths	-

Call (336) 375-6711 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.

Welcome to Rankin School Place, an attractive, affordable community for seniors located in an ideal setting in northeast Greensboro. Situated in a quiet neighborhood, it enjoys close proximity to shopping, banking, services, restaurants, churches and major highways. The traditional craftsman architecture and single story footprint was designed with safety, convenience, comfort and affordability in mind.

The development offers 48 one-bedroom and 8 two-bedroom well-constructed dwellings. The two-bedroom units provide double master bedrooms each with their own bathroom. All buildings are age friendly offering ground-level, non-ambulatory access and a variety of security features. Each apartment possesses its own heating and air conditioning system and personal patio space with storage. Kitchens are fully equipped with range, refrigerator, dishwasher and washer/dryer connections.

The community building has a spacious and beautifully decorated activity room with a resident computer center, an on-site management office, as well as a communal laundry. Outdoor seating, raised garden spots, and generous landscaping compliment the property's exterior.

If you are age 55 or older, you can make Rankin School Place your home. Rentals are determined by income and other qualification factors.

Dave's Thoughts On Rankin School Place

Because Rankin School Place participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Rankin School Place Amenities

Community Room
Laundry Room

Units at Rankin School Place

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price^†
Two Bedroom (2/2)	-	Call for Price^†

Income Qualification for Rankin School Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$27,100 / year	$30,950 / year	$34,800 / year	$38,650 / year
50% AMI for PBRA Units	$27,100 / year	$30,950 / year	$34,800 / year	$38,650 / year
60% AMI for LIHTC Units	$32,520 / year	$37,140 / year	$41,760 / year	$46,380 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Rankin School Place

Does Rankin School Place have a waiting list?

Rankin School Place 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 Rankin School Place?

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 Rankin School Place, how many other affordable housing properties (and units) are there in Greensboro?

In addition to Rankin School Place, we list 219 other affordable properties in Greensboro. Learn about these properties here. Our data research shows that there are a total of 5351 affordable units in Greensboro.