About This Property
Riverwood Apts offers 40 low-income units in Clifton, Tennessee, comprising 30 one-bedroom and 10 two-bedroom apartments. The property, which has been in service since 1993, serves elderly and disabled residents and is financed through 4% Low-Income Housing Tax Credits. Management and leasing inquiries can be directed to the property contact.
Property Details
Fair Market Rent - Wayne 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 | $651 |
| 1 Bedroom | $655 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,043 |
| 4 Bedroom | $1,147 |
Income Limits - Wayne 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Clifton, TN?+
The Fair Market Rent (FMR) for Wayne County, TN is: $651 (Studio), $655 (1BR), $861 (2BR), $1043 (3BR), $1147 (4BR). Actual rent at subsidized properties like Riverwood Apts is typically 30% of household income or less.
What size apartments are available at Riverwood Apts?+
Riverwood Apts offers the following unit types: 30 One-Bedroom, 10 Two-Bedroom units, for a total of 40 units.
What is the price range for apartments in Clifton, TN?+
Based on Fair Market Rent for Wayne County, the estimated price range is: 1-bedroom: $655, 2-bedroom: $861. Actual rent at Riverwood Apts may be lower for income-eligible households.
Who manages Riverwood Apts?+
Riverwood Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Riverwood Apts?+
Riverwood 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 is eligible to live at Riverwood Apts?+
Riverwood Apts primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Wayne County, TN?+
For a 4-person household in Wayne 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.
Walk Score
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Nearby Schools
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