About This Property
Charter Village Apts comprises 250 low-income units serving families in Madison, Tennessee, with a unit mix of 80 one-bedroom, 130 two-bedroom, and 40 three-bedroom apartments. The property has been in service since 2007 and was developed using TCAP funding and tax-exempt bonds.
Property Details
Fair Market Rent - Davidson 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 | $1,404 |
| 1 Bedroom | $1,442 |
| 2 Bedroom | $1,619 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,482 |
Income Limits - Davidson County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $20,250
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $22,800
- Very Low (50%)
- $37,950
- Low (80%)
- $60,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,150
- Low (80%)
- $67,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,900
- Low (80%)
- $78,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,300
- Low (80%)
- $83,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,650
- Low (80%)
- $89,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,550 | $47,250 |
| 2 Persons | $20,250 | $33,750 | $54,000 |
| 3 Persons | $22,800 | $37,950 | $60,750 |
| 4 Persons | $26,500 | $42,150 | $67,450 |
| 5 Persons | $31,040 | $45,550 | $72,850 |
| 6 Persons | $35,580 | $48,900 | $78,250 |
| 7 Persons | $40,120 | $52,300 | $83,650 |
| 8 Persons | $44,660 | $55,650 | $89,050 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, TN?+
The Fair Market Rent (FMR) for Davidson County, TN is: $1404 (Studio), $1442 (1BR), $1619 (2BR), $2035 (3BR), $2482 (4BR). Actual rent at subsidized properties like Charter Village Apts is typically 30% of household income or less.
What size apartments are available at Charter Village Apts?+
Charter Village Apts offers the following unit types: 80 One-Bedroom, 130 Two-Bedroom, 40 Three-Bedroom units, for a total of 250 units.
Who manages Charter Village Apts?+
Charter Village Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Charter Village Apts?+
Charter Village Apts primarily serves families. 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 Davidson County, TN?+
For a 4-person household in Davidson 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.
What is the price range for apartments in Madison, TN?+
Based on Fair Market Rent for Davidson County, the estimated price range is: 1-bedroom: $1442, 2-bedroom: $1619, 3-bedroom: $2035. Actual rent at Charter Village Apts may be lower for income-eligible households.
How do I apply for housing at Charter Village Apts?+
Charter Village 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Charter Village Apts
October Homes
Madison, TN
104 UnitsOld Hickory Towers
Old Hickory, TN
216 UnitsRobison Flats
Old Hickory, TN
209 UnitsSpring Branch Apts
Madison, TN
88 UnitsChippington I & Ii Apts
Madison, TN
416 UnitsNashwood Park Apts
Madison, TN
100 Units