Terrace at Rocky Knoll

419 Rocky Knoll Rd, Greensboro, NC 27406

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Joshua Cappell

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

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.

The Terrace at Rocky Knoll is a beautiful, energy efficient one and two bedroom affordable housing development for families and seniors that was designed for comfort and convenience. It is located just off of South Randleman Road on Rocky Knoll Road with close proximity to shopping, services, banking, restaurants, churches and major highways.

All of the 48 units offer ground-level, non-ambulatory access with Energy Star HVAC systems as well as personal patio space, living and dining areas along with a fully equipped kitchen including range, refrigerator, dishwasher, garbage disposal and washer/dryer connections.

An attractive, brand new community building will feature the on-site management office, tastefully decorated activity room, resident computer center and communal laundry facility. Outdoor seating, a playground, picnic area, raised garden beds and generous landscaping adorns the properties exterior.

Dave's Thoughts On Terrace at Rocky Knoll

Because Terrace at Rocky Knoll 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

Terrace at Rocky Knoll Amenities

Playground
On-Site Manager
Dishwasher
Garbage Disposal
Refrigerator
Laundry Facilities
Full-Size Washer & Dryer Connections

Units at Terrace at Rocky Knoll

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

Income Qualification for Terrace at Rocky Knoll

*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 Terrace at Rocky Knoll

Does Terrace at Rocky Knoll have a waiting list?

Terrace at Rocky Knoll 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 Terrace at Rocky Knoll?

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.

What property management company manges Terrace at Rocky Knoll?

Terrace at Rocky Knoll is managed by Beacon Communities headquartered in Pleasanton, California.

In addition to Terrace at Rocky Knoll, how many other affordable housing properties (and units) are there in Greensboro?

In addition to Terrace at Rocky Knoll, 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.