About This Property
Camolot Manor Apts comprises 24 low-income rental units in Ridgely, TN, consisting of eighteen 1-bedroom and six 2-bedroom apartments. The property has been in service since 1989 and operates under 4% Low-Income Housing Tax Credit financing. A non-profit entity owns and manages the community.
Property Details
Fair Market Rent - Lake 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 | $690 |
| 1 Bedroom | $694 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,118 |
| 4 Bedroom | $1,209 |
Income Limits - Lake 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 Ridgely, TN?+
The Fair Market Rent (FMR) for Lake County, TN is: $690 (Studio), $694 (1BR), $861 (2BR), $1118 (3BR), $1209 (4BR). Actual rent at subsidized properties like Camolot Manor Apts is typically 30% of household income or less.
What size apartments are available at Camolot Manor Apts?+
Camolot Manor Apts offers the following unit types: 18 One-Bedroom, 6 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Lake County, TN?+
For a 4-person household in Lake 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.
Who manages Camolot Manor Apts?+
Camolot Manor Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Ridgely, TN?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $694, 2-bedroom: $861. Actual rent at Camolot Manor Apts may be lower for income-eligible households.
How do I apply for housing at Camolot Manor Apts?+
Camolot Manor 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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