About This Property
Lake Ridge Apts comprises 44 low-income units in Tiptonville, TN, consisting of 22 one-bedroom and 22 two-bedroom apartments. The property has served disabled residents since being placed in service in 2011. Units are available for income-qualified households.
Property Details
Fair Market Rent - Lake 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 | $690 |
| 1 Bedroom | $694 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,118 |
| 4 Bedroom | $1,209 |
Income Limits - Lake 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 Tiptonville, TN?+
The Fair Market Rent (FMR) for Lake County, TN is: $690 (Studio), $694 (1BR), $861 (2BR), $1118 (3BR), $1209 (4BR). Actual rent at subsidized properties like Lake Ridge Apts is typically 30% of household income or less.
What size apartments are available at Lake Ridge Apts?+
Lake Ridge Apts offers the following unit types: 22 One-Bedroom, 22 Two-Bedroom units, for a total of 44 units.
What are the income limits for affordable housing in Lake County, TN?+
For a 4-person household in Lake 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 Lake Ridge Apts?+
Lake Ridge Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lake Ridge Apts?+
Lake Ridge Apts primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Tiptonville, TN?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $694, 2-bedroom: $861. Actual rent at Lake Ridge Apts may be lower for income-eligible households.
How do I apply for housing at Lake Ridge Apts?+
Lake 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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