About This Property
Terrace Park Townhomes Phase II contains 172 low-income units in Nashville serving families with a mix of one, two, and three-bedroom homes. The property has been in service since 2012 and is owned by a non-profit organization. The unit breakdown includes 4 one-bedroom, 68 two-bedroom, and 100 three-bedroom townhomes.
Waitlist Information
Waitlist managed by Nashville Metropolitan Development & Housing Agency
MDHA is not currently accepting applications for our affordable housing waiting lists. Please check back regularly for updates, or follow our social media pages for the latest information on open application periods.
MDHA is not currently accepting applications for our voucher program waiting lists. We announce waiting list openings in advance on our website and social media pages.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Davidson 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 | $1,404 |
| 1 Bedroom | $1,442 |
| 2 Bedroom | $1,619 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,482 |
Income Limits - Davidson County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $20,250
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $22,800
- Very Low (50%)
- $37,950
- Low (80%)
- $60,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,150
- Low (80%)
- $67,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,900
- Low (80%)
- $78,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,300
- Low (80%)
- $83,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,650
- Low (80%)
- $89,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,550 | $47,250 |
| 2 Persons | $20,250 | $33,750 | $54,000 |
| 3 Persons | $22,800 | $37,950 | $60,750 |
| 4 Persons | $26,500 | $42,150 | $67,450 |
| 5 Persons | $31,040 | $45,550 | $72,850 |
| 6 Persons | $35,580 | $48,900 | $78,250 |
| 7 Persons | $40,120 | $52,300 | $83,650 |
| 8 Persons | $44,660 | $55,650 | $89,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Nashville, TN?+
The Fair Market Rent (FMR) for Davidson County, TN is: $1404 (Studio), $1442 (1BR), $1619 (2BR), $2035 (3BR), $2482 (4BR). Actual rent at subsidized properties like Terrace Park Townhomes Phase Ii is typically 30% of household income or less.
What size apartments are available at Terrace Park Townhomes Phase Ii?+
Terrace Park Townhomes Phase Ii offers the following unit types: 4 One-Bedroom, 68 Two-Bedroom, 100 Three-Bedroom units, for a total of 172 units.
How do I apply for housing at Terrace Park Townhomes Phase Ii?+
Terrace Park Townhomes Phase Ii 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.
What is the price range for apartments in Nashville, TN?+
Based on Fair Market Rent for Davidson County, the estimated price range is: 1-bedroom: $1442, 2-bedroom: $1619, 3-bedroom: $2035. Actual rent at Terrace Park Townhomes Phase Ii may be lower for income-eligible households.
Who is eligible to live at Terrace Park Townhomes Phase Ii?+
Terrace Park Townhomes Phase Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Davidson County, TN?+
For a 4-person household in Davidson County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,150, Low Income (80% AMI): $67,450. These limits are set by HUD and updated annually.
Is there a waitlist for Terrace Park Townhomes Phase Ii?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Terrace Park Townhomes Phase Ii?+
Terrace Park Townhomes Phase Ii 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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