Terrace at Rocky Knoll

419 Rocky Knoll Rd, Greensboro, North Carolina 27406

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.

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

Eligibility for Terrace at Rocky Knoll

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Greensboro but actual income limits may differ for units at Terrace at Rocky Knoll.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$27,100	$30,950	$34,800	$38,650
Low Income (60%)	$32,520	$37,140	$41,760	$46,380

Terrace at Rocky Knoll Details

48 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Playground
On-Site Manager
Laundry Facilities

Unit Amenities

Dishwasher
Garbage Disposal
Refrigerator
Full-Size Washer & Dryer Connections

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.