About This Property
Cherry Tree Apts I contains 32 low-income units in Celina, Tennessee, consisting of 16 one-bedroom and 16 two-bedroom apartments. The property has been in service since 1991 and serves families and individuals with disabilities. The non-profit owned community utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Clay 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 | $651 |
| 1 Bedroom | $655 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,213 |
| 4 Bedroom | $1,277 |
Income Limits - Clay County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,600
- Low (80%)
- $36,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $30,500
- Low (80%)
- $48,750
- Extremely Low (30%)
- $32,750
- Very Low (50%)
- $32,750
- Low (80%)
- $52,350
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $37,250
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,600 |
| 2 Persons | $17,420 | $22,600 | $36,100 |
| 3 Persons | $21,960 | $25,400 | $40,600 |
| 4 Persons | $26,500 | $28,200 | $45,100 |
| 5 Persons | $30,500 | $30,500 | $48,750 |
| 6 Persons | $32,750 | $32,750 | $52,350 |
| 7 Persons | $35,000 | $35,000 | $55,950 |
| 8 Persons | $37,250 | $37,250 | $59,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Celina, TN?+
The Fair Market Rent (FMR) for Clay County, TN is: $651 (Studio), $655 (1BR), $861 (2BR), $1213 (3BR), $1277 (4BR). Actual rent at subsidized properties like Cherry Tree Apts I is typically 30% of household income or less.
What size apartments are available at Cherry Tree Apts I?+
Cherry Tree Apts I offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom units, for a total of 32 units.
What are the income limits for affordable housing in Clay County, TN?+
For a 4-person household in Clay County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,200, Low Income (80% AMI): $45,100. These limits are set by HUD and updated annually.
Who manages Cherry Tree Apts I?+
Cherry Tree Apts I is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Cherry Tree Apts I?+
Cherry Tree Apts I primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Celina, TN?+
Based on Fair Market Rent for Clay County, the estimated price range is: 1-bedroom: $655, 2-bedroom: $861. Actual rent at Cherry Tree Apts I may be lower for income-eligible households.
How do I apply for housing at Cherry Tree Apts I?+
Cherry Tree Apts I 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.
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Nearby Schools
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