About This Property
Airway Ridge is a 48-unit affordable housing community in Louisville, Tennessee serving families and disabled residents. The property includes eight 1-bedroom units, 32 two-bedroom units, and eight 3-bedroom units, all designated as low-income housing. Placed in service in 2011, the community is owned by a nonprofit organization and receives 9% Low-Income Housing Tax Credit funding.
Property Details
Fair Market Rent - Blount County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $985 |
| 1 Bedroom | $1,000 |
| 2 Bedroom | $1,221 |
| 3 Bedroom | $1,578 |
| 4 Bedroom | $1,833 |
Income Limits - Blount County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Louisville, TN?+
The Fair Market Rent (FMR) for Blount County, TN is: $985 (Studio), $1000 (1BR), $1221 (2BR), $1578 (3BR), $1833 (4BR). Actual rent at subsidized properties like Airway Ridge is typically 30% of household income or less.
What size apartments are available at Airway Ridge?+
Airway Ridge offers the following unit types: 8 One-Bedroom, 32 Two-Bedroom, 8 Three-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Blount County, TN?+
For a 4-person household in Blount County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Louisville, TN?+
Based on Fair Market Rent for Blount County, the estimated price range is: 1-bedroom: $1000, 2-bedroom: $1221, 3-bedroom: $1578. Actual rent at Airway Ridge may be lower for income-eligible households.
Who is eligible to live at Airway Ridge?+
Airway Ridge primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Airway Ridge?+
Airway Ridge is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Airway Ridge?+
Airway Ridge is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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