Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Drakewood Apts

501 Highway 52 E, Portland, TN, 37148

Information verified April 17, 2026·We re-check waiting list status daily

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About This Property

Drakewood Apts offers 48 low-income units in Portland, Tennessee, comprising 16 one-bedroom and 32 two-bedroom apartments. The property has been in service since 1990 and operates as a non-profit owned community with 4% Low-Income Housing Tax Credit financing. Residents have access to affordable rental housing options in Sumner County.

Waitlist Information

Waitlist managed by Portland Housing Authority

Public Housing Waitlist
Closed

The State Program (Quarry Heights) waitlist is currently not accepting applications. Eligibility is based on annual gross income and may include age or disability.

Last verified March 1, 2026
Section 8 (HCV) Waitlist
Closed

The Housing Choice Voucher (Section 8) waitlist is currently not accepting applications.

Last verified March 1, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
48
1 Bedroom
16
2 Bedroom
32

Fair Market Rent - Sumner County, TN

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,404
1 Bedroom$1,442
2 Bedroom$1,619
3 Bedroom$2,035
4 Bedroom$2,482

Income Limits - Sumner County, TN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$17,750
Very Low (50%)
$29,550
Low (80%)
$47,250
2 Persons
Extremely Low (30%)
$20,250
Very Low (50%)
$33,750
Low (80%)
$54,000
3 Persons
Extremely Low (30%)
$22,800
Very Low (50%)
$37,950
Low (80%)
$60,750
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$42,150
Low (80%)
$67,450
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$45,550
Low (80%)
$72,850
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$48,900
Low (80%)
$78,250
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$52,300
Low (80%)
$83,650
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$55,650
Low (80%)
$89,050

Tax Credit Program Details

Year Placed in Service
1990
LIHTC Credit Type
4%
Low-Income Units
48 / 48
Designations
Non-Profit

Frequently Asked Questions

What is the average rent for affordable housing in Portland, TN?+

The Fair Market Rent (FMR) for Sumner County, TN is: $1404 (Studio), $1442 (1BR), $1619 (2BR), $2035 (3BR), $2482 (4BR). Actual rent at subsidized properties like Drakewood Apts is typically 30% of household income or less.

What size apartments are available at Drakewood Apts?+

Drakewood Apts offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.

Is there a waitlist for Drakewood Apts?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Drakewood Apts?+

Drakewood Apts is managed by . You can reach them at . Visit their website for more information.

What is the price range for apartments in Portland, TN?+

Based on Fair Market Rent for Sumner County, the estimated price range is: 1-bedroom: $1442, 2-bedroom: $1619. Actual rent at Drakewood Apts may be lower for income-eligible households.

What are the income limits for affordable housing in Sumner County, TN?+

For a 4-person household in Sumner County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,150, Low Income (80% AMI): $67,450. These limits are set by HUD and updated annually.

How do I apply for housing at Drakewood Apts?+

Drakewood 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.

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Walk Score

Almost All Errands Require a Car

14
Walk
31
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Sumner County, TN

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