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 |
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.
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.
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.
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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