About This Property
Elk Meadows Apts comprises 24 low-income units in Coalmont, TN, with eight one-bedroom and sixteen two-bedroom floor plans. The property has been in service since 1996 and operates in Grundy County.
Property Details
Fair Market Rent - Grundy 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 | $707 |
| 1 Bedroom | $742 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,069 |
| 4 Bedroom | $1,209 |
Income Limits - Grundy 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 Coalmont, TN?+
The Fair Market Rent (FMR) for Grundy County, TN is: $707 (Studio), $742 (1BR), $861 (2BR), $1069 (3BR), $1209 (4BR). Actual rent at subsidized properties like Elk Meadows Apts is typically 30% of household income or less.
What size apartments are available at Elk Meadows Apts?+
Elk Meadows Apts offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Coalmont, TN?+
Based on Fair Market Rent for Grundy County, the estimated price range is: 1-bedroom: $742, 2-bedroom: $861. Actual rent at Elk Meadows Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Grundy County, TN?+
For a 4-person household in Grundy 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 Elk Meadows Apts?+
Elk Meadows Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Elk Meadows Apts?+
Elk Meadows 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
Grundy County, TN
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