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2131 Wilson Road, Memphis, TN 38116
Waiting List Forecast: Likely Long or Closed
check_circleVerified for2019 by Colleen Carter, Ric Gresia
| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
check_circle Senior (62+)
check_circle Accessible Units
check_circle Project-Based Rental Assistance
check_circle Supportive Housing for the Elderly
Call (901) 529-7697Email
Waitlist Forecast
Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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 Grace Place Retirement Community
As a modern Section 202 property built after 1990, Grace Place Retirement Community only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
Income Qualification for Grace Place Retirement Community
*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 | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $17,050 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year | $43,750 / year | $47,000 / year | $50,250 / year | $53,500 / year |
| 50% AMI for PBRA Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year | $43,750 / year | $47,000 / year | $50,250 / year | $53,500 / year |
| 80% AMI for PBRA Units | $45,400 / year | $51,850 / year | $58,350 / year | $64,800 / year | $70,000 / year | $75,200 / year | $80,400 / year | $85,550 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
FAQs for Grace Place Retirement Community
Does Grace Place Retirement Community have a waiting list?
Grace Place Retirement Community probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Grace Place Retirement Community?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Grace Place Retirement Community?
Grace Place Retirement Community is managed by Tesco Properties headquartered in Germantown, Tennessee.
In addition to Grace Place Retirement Community, how many other affordable housing properties (and units) are there in Memphis?
In addition to Grace Place Retirement Community, we list 315 other affordable properties in Memphis. Learn about these properties here. Our data research shows that there are a total of 21450 affordable units in Memphis.
Listings Near Grace Place Retirement Community
645 North Main, Memphis, Tennessee 38107
bed1-3
payment$837-1500/mo.
250 GE Patterson, Memphis, Tennessee 38106
bed1-3
3500 Westline Dr., Memphis, Tennessee 38128
bed1-3
switch_access_shortcutShort Wait
paymentSubsidized
accessibilityAccessible
3707 Pershing Park Drive, Memphis, Tennessee 38127
bed1-3
switch_access_shortcutShort Wait
paymentSubsidized
accessibilityAccessible
994 N. Watkins St., Memphis, Tennessee 38107
bed1-2
accessibilityAccessible
1081 Court Ave, Memphis, Tennessee 38109
bed1
† Rent observations may change. We encourage users to verify rents and eligiblity requirementsdirectly with the property.
Affordable Housing Tip
Looking for housing as soon as possible?
Applying for waiting lists with preferences that you qualify for may help shorten the wait for available housing.
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