About This Property
Lynchburg Apts comprises 24 low-income rental units in Lynchburg, Tennessee, consisting of eight 1-bedroom and sixteen 2-bedroom apartments. The property was placed in service in 1987 and operates under 4% Low-Income Housing Tax Credit financing. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Moore 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 | $704 |
| 1 Bedroom | $709 |
| 2 Bedroom | $887 |
| 3 Bedroom | $1,146 |
| 4 Bedroom | $1,245 |
Income Limits - Moore County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,200
- Very Low (50%)
- $23,650
- Low (80%)
- $37,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,400
- Low (80%)
- $48,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- Extremely Low (30%)
- $44,550
- Very Low (50%)
- $44,550
- Low (80%)
- $71,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,200 | $23,650 | $37,800 |
| 2 Persons | $17,420 | $27,000 | $43,200 |
| 3 Persons | $21,960 | $30,400 | $48,600 |
| 4 Persons | $26,500 | $33,750 | $54,000 |
| 5 Persons | $31,040 | $36,450 | $58,350 |
| 6 Persons | $35,580 | $39,150 | $62,650 |
| 7 Persons | $40,120 | $41,850 | $67,000 |
| 8 Persons | $44,550 | $44,550 | $71,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lynchburg, TN?+
The Fair Market Rent (FMR) for Moore County, TN is: $704 (Studio), $709 (1BR), $887 (2BR), $1146 (3BR), $1245 (4BR). Actual rent at subsidized properties like Lynchburg Apts is typically 30% of household income or less.
What size apartments are available at Lynchburg Apts?+
Lynchburg 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 Lynchburg, TN?+
Based on Fair Market Rent for Moore County, the estimated price range is: 1-bedroom: $709, 2-bedroom: $887. Actual rent at Lynchburg Apts may be lower for income-eligible households.
How do I apply for housing at Lynchburg Apts?+
Lynchburg Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Lynchburg Apts?+
Lynchburg Apts is managed by . You can reach them at .
What are the income limits for affordable housing in Moore County, TN?+
For a 4-person household in Moore County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,750, Low Income (80% AMI): $54,000. These limits are set by HUD and updated annually.
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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