Affordable Housing In Bradley County
Tennessee

35 Low Income Apartment Communities In Bradley County

Cleveland Summit

44 Inman St
Cleveland, TN
Income Based
Studio-1 BR
Subsidized

The Preserve at Hardwick

4815 N. Lee Hwy
Cleveland, TN
$522-642
1-2 BR
HCV Welcome

Horizon Square Apartments

2324 Georgetown Rd NW
Cleveland, TN
Call For Rent
1-3 BR
Subsidized

Cherokee Hills Apartments

2020 Bates Pike SE
Cleveland, TN
$620-725
2-4 BR
HCV Welcome

Waters Edge Apartments

2360 Blackburn Road SE
Cleveland, TN
Call For Rent
1-3 BR
HCV Welcome

Ocoee Village

1350 2nd Street, NE
Cleveland, TN
Subsidized

Bradley Place Apartments

435 Kile Ln SW
Cleveland, TN
Call For Rent
1-3 BR
HCV Welcome

Buchanan Way Apartments

3099 Buchanan Rd SE
Cleveland, TN
Call For Rent
1-3 BR
HCV Welcome

Pine Forest Apartments

3005 Henderson Avenue, NW
Cleveland, TN
Subsidized

Stanford Place

2213 Bower Ln SE
Cleveland, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Housing Authorities that serve Bradley County

Housing Authority Programs
Cleveland Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Bradley County, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 35 low income housing apartment communities offering 1,862 affordable apartments for rent in Bradley County, Tennessee. Bradley County features 1,111 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 751 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bradley County.

Bradley County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 35
Total Low Income Apartments 1,862
Total Housing Units with Rental Assistance 1,111
Percentage of Housing Units Occupied By Renters 34.73%
Average Renter Household Size 2.41
Average Household Size 2.58
Median Household Income $42,114 ±$1,448
Median Rent $717 ±$17
Percentage Of Renters Overburdened 46.7% ± 3.97pp
Total Population 102,062

Population and Household Demographics

Bradley County is a County in Tennessee with a population of 102,062. There are 38,466 households in the county with an average household size of 2.58 persons. 34.73% of households in Bradley County are renters.

Income and Rent Overburden in Bradley County

The median gross income for households in Bradley County is $42,114 a year, or $3,510 a month. The median rent for the county is $717 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bradley County, a household making less than $2,390 a month would be considered overburdened when renting an apartment at or above the median rent. 46.7% of households who rent are overburdened in Bradley County.1

Area Median Income In Bradley County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Bradley County, HUD calculates the Area Median Income for a family of four as $57,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Bradley County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Bradley County HUD Rental Assistance in Bradley County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,500 $35,800 $38,100
50% of Median $20,200 $23,100 $26,000 $28,850 $31,200 $33,500 $35,800 $38,100
80% of Median $32,350 $36,950 $41,550 $46,150 $49,850 $53,550 $57,250 $60,950
Low Income Housing Tax Credits in Bradley County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2008, 17 low income apartment communities containing 536 rental apartments have been constructed and made affordable to low income persons in Bradley County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Bradley County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,200 $23,100 $26,000 $28,850 $31,200 $33,500 $35,800 $38,100
60% of Median $24,240 $27,720 $31,200 $34,620 $37,440 $40,200 $42,960 $45,720

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Bradley County is $31,200 a year, or $2,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,600 by 30% to get a maximum rent of $780 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $505 $541 $650 $751 $838 $924
60% $606 $650 $780 $901 $1,005 $1,109
Fair Market Rents in Bradley County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$526 $613 $807 $1,029 $1,214

Cities In Bradley County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Cleveland 36 The HUD funded Public Housing Agency that serves Cleveland is the Cleveland Housing Authority.
Charleston 0
East Cleveland 0
Hopewell 0
South Cleveland 0
Wildwood Lake 0