About This Property
Troy Place Apts comprises 16 units in Troy, Tennessee, with 12 units designated for low-income residents. The property includes four 1-bedroom and twelve 2-bedroom units and has been in service since 1988. The development utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Obion 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 | $717 |
| 1 Bedroom | $721 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,098 |
| 4 Bedroom | $1,147 |
Income Limits - Obion 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 Troy, TN?+
The Fair Market Rent (FMR) for Obion County, TN is: $717 (Studio), $721 (1BR), $861 (2BR), $1098 (3BR), $1147 (4BR). Actual rent at subsidized properties like Troy Place Apts is typically 30% of household income or less.
What size apartments are available at Troy Place Apts?+
Troy Place Apts offers the following unit types: 4 One-Bedroom, 12 Two-Bedroom units, for a total of 16 units.
What is the price range for apartments in Troy, TN?+
Based on Fair Market Rent for Obion County, the estimated price range is: 1-bedroom: $721, 2-bedroom: $861. Actual rent at Troy Place Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Obion County, TN?+
For a 4-person household in Obion 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.
How do I apply for housing at Troy Place Apts?+
Troy Place 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.
Who manages Troy Place Apts?+
Troy Place Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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