About This Property
Greenwood Place contains 64 low-income rental units in Algood, Tennessee, serving families with a mix of one-, two-, and three-bedroom floor plans. The property opened in 2016 and offers 24 one-bedroom units, 36 two-bedroom units, and 4 three-bedroom units.
Waitlist Information
Waitlist managed by Highlands Residential Services
Pre-applications are accepted for families and senior/disabled individuals; no specific preferences were noted. All adult household members must be present at the interview and provide required documents.
Eligibility depends on income; the Very Low Income limit for a family of four in Putnam County for FY2025 is $39,850.
Waitlist data provided by section8waitlist.org
Updated June 17, 2026
Property Details
Fair Market Rent - Putnam 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 | $760 |
| 1 Bedroom | $764 |
| 2 Bedroom | $991 |
| 3 Bedroom | $1,368 |
| 4 Bedroom | $1,578 |
Income Limits - Putnam County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,800
- Low (80%)
- $33,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,750
- Low (80%)
- $38,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,700
- Low (80%)
- $42,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,650
- Low (80%)
- $47,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,050
- Low (80%)
- $51,250
- Extremely Low (30%)
- $34,400
- Very Low (50%)
- $34,400
- Low (80%)
- $55,050
- Extremely Low (30%)
- $36,800
- Very Low (50%)
- $36,800
- Low (80%)
- $58,850
- Extremely Low (30%)
- $39,150
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,800 | $33,250 |
| 2 Persons | $17,420 | $23,750 | $38,000 |
| 3 Persons | $21,960 | $26,700 | $42,750 |
| 4 Persons | $26,500 | $29,650 | $47,450 |
| 5 Persons | $31,040 | $32,050 | $51,250 |
| 6 Persons | $34,400 | $34,400 | $55,050 |
| 7 Persons | $36,800 | $36,800 | $58,850 |
| 8 Persons | $39,150 | $39,150 | $62,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cookeville, TN?+
The Fair Market Rent (FMR) for Putnam County, TN is: $760 (Studio), $764 (1BR), $991 (2BR), $1368 (3BR), $1578 (4BR). Actual rent at subsidized properties like Greenwood Place is typically 30% of household income or less.
What size apartments are available at Greenwood Place?+
Greenwood Place offers the following unit types: 24 One-Bedroom, 36 Two-Bedroom, 4 Three-Bedroom units, for a total of 64 units.
What are the income limits for affordable housing in Putnam County, TN?+
For a 4-person household in Putnam County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,650, Low Income (80% AMI): $47,450. These limits are set by HUD and updated annually.
How do I apply for housing at Greenwood Place?+
Greenwood Place 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.
What is the price range for apartments in Cookeville, TN?+
Based on Fair Market Rent for Putnam County, the estimated price range is: 1-bedroom: $764, 2-bedroom: $991, 3-bedroom: $1368. Actual rent at Greenwood Place may be lower for income-eligible households.
Who manages Greenwood Place?+
Greenwood Place is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Greenwood Place?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at Greenwood Place?+
Greenwood Place primarily serves families. 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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