About This Property
Rhea County New Development Lp offers 11 low-income units in Spring City, Tennessee. The property includes four 2-bedroom and seven 3-bedroom units and has been in service since 1998.
Property Details
Fair Market Rent - Rhea 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 | $1,142 |
| 4 Bedroom | $1,147 |
Income Limits - Rhea 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 Spring City, TN?+
The Fair Market Rent (FMR) for Rhea County, TN is: $651 (Studio), $655 (1BR), $861 (2BR), $1142 (3BR), $1147 (4BR). Actual rent at subsidized properties like Rhea County New Development Lp is typically 30% of household income or less.
What size apartments are available at Rhea County New Development Lp?+
Rhea County New Development Lp offers the following unit types: 4 Two-Bedroom, 7 Three-Bedroom units, for a total of 11 units.
How do I apply for housing at Rhea County New Development Lp?+
Rhea County New Development Lp 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 manages Rhea County New Development Lp?+
Rhea County New Development Lp is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Rhea County, TN?+
For a 4-person household in Rhea 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.
What is the price range for apartments in Spring City, TN?+
Based on Fair Market Rent for Rhea County, the estimated price range is: 2-bedroom: $861, 3-bedroom: $1142. Actual rent at Rhea County New Development Lp may be lower for income-eligible households.
Contact Information
Walk Score
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