About This Property
Valley View Apts comprises 40 low-income residential units in Spring City, TN, with a unit mix of four 1-bedroom and thirty-six 2-bedroom apartments. The property has been in service since 1989 and is owned and operated by a non-profit organization. This Rhea County community serves households meeting low-income eligibility requirements.
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 Valley View Apts is typically 30% of household income or less.
What size apartments are available at Valley View Apts?+
Valley View Apts offers the following unit types: 4 One-Bedroom, 36 Two-Bedroom units, for a total of 40 units.
Who manages Valley View Apts?+
Valley View Apts 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.
How do I apply for housing at Valley View Apts?+
Valley View 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.
What is the price range for apartments in Spring City, TN?+
Based on Fair Market Rent for Rhea County, the estimated price range is: 1-bedroom: $655, 2-bedroom: $861. Actual rent at Valley View Apts may be lower for income-eligible households.
Contact Information
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Nearby Schools
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