601 South Chamberlain Ave, Rockwood, TN 37854
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Rockwood Village offers you all you would expect in apartment living and more. A place to call home for anyone 62 and older or those under the age of 62 who require the features included in an accessible apartment. Your rent is based on your income and occupancy is subject to HUD rules and regulations, including the HUD annual income limits.
Rockwood Village Apartments is a three-story community located in the foothills of the Smoky Mountains in Rockwood, Tennessee. The one-bedroom apartment homes on the second and third floors are elevator-accessible. All apartments include range and refrigerator as well as central air and heat. We offer a spacious floor plan with wall to wall carpeting. Rockwood has two large laundry rooms on site for the convenience of our residents. There is a large community room with fireplace. Regular transportation is available for the needs of our residents. Our goal at Rockwood Village is that each resident will feel right at home and enjoy the peaceful, relaxing atmosphere. Utility assistance is also included.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Rockwood Village has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Typical Floor Plan (1/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,500 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $27,500 / year | $31,400 / year | $35,350 / year | $39,250 / year | $42,400 / year | $45,550 / year | $48,700 / year | $51,850 / year |
| 50% AMI for PBRA Units | $27,500 / year | $31,400 / year | $35,350 / year | $39,250 / year | $42,400 / year | $45,550 / year | $48,700 / year | $51,850 / year |
| 60% AMI for LIHTC Units | $33,000 / year | $37,680 / year | $42,420 / year | $47,100 / year | $50,880 / year | $54,660 / year | $58,440 / year | $62,220 / year |
| 80% AMI for PBRA Units | $44,000 / year | $50,250 / year | $56,550 / year | $62,800 / year | $67,850 / year | $72,850 / year | $77,900 / year | $82,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Rockwood Village have a waiting list?
Rockwood Village probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Rockwood Village?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Rockwood Village?
Rockwood Village is managed by Benchmark Management Corporation headquartered in Amherst, New York.
In addition to Rockwood Village, how many other affordable housing properties (and units) are there in Rockwood?
In addition to Rockwood Village, we list 9 other affordable properties in Rockwood. Learn about these properties here. Our data research shows that there are a total of 486 affordable units in Rockwood.
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