About This Property
Cedar Ridge Apts provides 24 low-income residential units in Cowan, Tennessee, consisting of 20 one-bedroom and four two-bedroom apartments. The property has been in service since 1994 and operates under 4% Low-Income Housing Tax Credit financing. Current management and contact information are available upon request.
Property Details
Fair Market Rent - Franklin 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 | $731 |
| 1 Bedroom | $735 |
| 2 Bedroom | $909 |
| 3 Bedroom | $1,175 |
| 4 Bedroom | $1,384 |
Income Limits - Franklin County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cowan, TN?+
The Fair Market Rent (FMR) for Franklin County, TN is: $731 (Studio), $735 (1BR), $909 (2BR), $1175 (3BR), $1384 (4BR). Actual rent at subsidized properties like Cedar Ridge Apts is typically 30% of household income or less.
What size apartments are available at Cedar Ridge Apts?+
Cedar Ridge Apts offers the following unit types: 20 One-Bedroom, 4 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Franklin County, TN?+
For a 4-person household in Franklin County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Cowan, TN?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $735, 2-bedroom: $909. Actual rent at Cedar Ridge Apts may be lower for income-eligible households.
Who manages Cedar Ridge Apts?+
Cedar Ridge Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cedar Ridge Apts?+
Cedar Ridge Apts 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.
Contact Information
Location
Franklin County, TN
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