About This Property
Greenwood Terrace comprises 98 low-income units in Chattanooga, Tennessee, serving families and disabled residents. The property offers a unit mix of 58 two-bedroom, 32 three-bedroom, and 8 four-bedroom apartments and has been in service since 2008. The development utilizes 9% Low-Income Housing Tax Credits for financing.
Waitlist Information
Waitlist managed by Chattanooga Housing Authority
Highrise with preference for senior applicants. All applicants and household members must pass a background check.
Pre-applications were selected by computerized random lottery for 1,500 applicants. Only one application per registrant; duplicate applications result in disqualification. Registrants must be 18 years or older or an emancipated minor. Criminal background checks are part of the eligibility process.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Hamilton 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 | $1,068 |
| 1 Bedroom | $1,085 |
| 2 Bedroom | $1,232 |
| 3 Bedroom | $1,569 |
| 4 Bedroom | $1,784 |
Income Limits - Hamilton County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,000
- Very Low (50%)
- $25,000
- Low (80%)
- $39,950
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,550
- Low (80%)
- $45,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,100
- Low (80%)
- $51,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,550
- Low (80%)
- $61,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,400
- Low (80%)
- $66,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,250
- Low (80%)
- $70,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,100
- Low (80%)
- $75,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,000 | $25,000 | $39,950 |
| 2 Persons | $17,420 | $28,550 | $45,650 |
| 3 Persons | $21,960 | $32,100 | $51,350 |
| 4 Persons | $26,500 | $35,650 | $57,050 |
| 5 Persons | $31,040 | $38,550 | $61,650 |
| 6 Persons | $35,580 | $41,400 | $66,200 |
| 7 Persons | $40,120 | $44,250 | $70,750 |
| 8 Persons | $44,660 | $47,100 | $75,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chattanooga, TN?+
The Fair Market Rent (FMR) for Hamilton County, TN is: $1068 (Studio), $1085 (1BR), $1232 (2BR), $1569 (3BR), $1784 (4BR). Actual rent at subsidized properties like Greenwood Terrace is typically 30% of household income or less.
What size apartments are available at Greenwood Terrace?+
Greenwood Terrace offers the following unit types: 58 Two-Bedroom, 32 Three-Bedroom, 8 Four-Bedroom units, for a total of 98 units.
Who manages Greenwood Terrace?+
Greenwood Terrace is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Greenwood Terrace?+
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.
What are the income limits for affordable housing in Hamilton County, TN?+
For a 4-person household in Hamilton County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,650, Low Income (80% AMI): $57,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Chattanooga, TN?+
Based on Fair Market Rent for Hamilton County, the estimated price range is: 2-bedroom: $1232, 3-bedroom: $1569. Actual rent at Greenwood Terrace may be lower for income-eligible households.
How do I apply for housing at Greenwood Terrace?+
Greenwood Terrace 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.
Who is eligible to live at Greenwood Terrace?+
Greenwood Terrace primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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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