About This Property
Cumberland Way Apts offers 48 low-income units in Decherd, Tennessee, serving families and disabled residents. The property includes 28 two-bedroom and 20 three-bedroom units and has been in service since 2012.
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 Decherd, 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 Cumberland Way Apts is typically 30% of household income or less.
What size apartments are available at Cumberland Way Apts?+
Cumberland Way Apts offers the following unit types: 28 Two-Bedroom, 20 Three-Bedroom units, for a total of 48 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 Decherd, TN?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 2-bedroom: $909, 3-bedroom: $1175. Actual rent at Cumberland Way Apts may be lower for income-eligible households.
Who is eligible to live at Cumberland Way Apts?+
Cumberland Way Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Cumberland Way Apts?+
Cumberland Way Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cumberland Way Apts?+
Cumberland Way 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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