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River View Tower Apartments

500 W Ml King Blvd, Chattanooga, Tennessee 37402

The senior-friendly studio and one bedroom apartment homes of Riverview Tower are exactly what you have been looking for!  Our residents enjoy many amenities such as on-site maintenance, air conditioning, an electronic thermostat, and hardwood floors. Utilities are even included in the monthly rent! An active, pet-friendly community, our residents also take advantage of our activity room and business center, as well as the courtyard areas for outdoor get-togethers. Riverview Towers is conveniently located nearby local dining, shopping, and entertainment. Remember, it's not just an apartment, it's your home!

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Units

Unit (Bd/Ba) Ft2 Rent
Efficiency (Studio/1) 351 Income Based
1 Bedroom (1/1) 695 Income Based
1 Bedroom with Den (1/1) 721 Call for Price

River View Tower Apartments Details

  • 190 0 and one bedroom units.
  • High Rise
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance
  • Section 202 Supportive Housing for the Elderly

Property Amenities

  • Community Room
  • Business Center
  • 24hr Emergency Maintenance
  • Laundry Facilities
  • Free Parking
  • New/Renovated Apartment Homes

Unit Amenities

  • Cable Ready
  • Utilities Included
  • Scenic View
  • Spacious floor plans
  • Fully Equipped Kitchen

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Chattanooga 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 Chattanooga but actual income limits may differ for units at River View Tower Apartments.

AMI Band 1 Person 2 Person
50% $25,450 $29,050

Chattanooga Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Chattanooga but actual income limits may differ for units at River View Tower Apartments.

AMI Band 1 Person 2 Person
Very Low Income (50%) $25,450 $29,050
Low Income (60%) $30,540 $34,860

River View Tower Apartments is managed by McCormack Baron Management.

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Image of River View Tower Apartments
Image of River View Tower Apartments

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