Highland Rim II Apartments

26850 Smith Ave, Ardmore, Tennessee 38449

Highland Rim II Apartments, located at 26850 Smith Ave in Ardmore, has one and two bedroom apartments. Highland Rim II Apartments participates in the Section 515 Rural Rental Housing, Section 521 USDA Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price

Highland Rim II Apartments Details

  • 24 one and two bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Playground
  • On-Site Manager
  • Laundry Room
  • Open Parking

Unit Amenities

  • Walk-in Closet(s)
  • Storage
  • Refrigerator
  • Central Heat & Air

About Highland Rim II Apartments

Highland Rim II Apartments offer 1 and 2 bedroom family apartments with smoke alarms and central heat and air.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Ardmore HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Ardmore but actual income limits may differ for units at Highland Rim II Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,490 $16,910 $21,330 $25,750 $29,150 $31,300 $33,450 $35,600
50% $18,900 $21,600 $24,300 $26,950 $29,150 $31,300 $33,450 $35,600
80% $30,200 $34,500 $38,800 $43,100 $46,550 $50,000 $53,450 $56,900

These general income qualifications for Ardmore, Tennessee should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Highland Rim II Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Highland Rim II Apartments is managed by MACO Management Company.

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