River View Tower Apartments

500 W Ml King Blvd, Chattanooga, Tennessee 37402

River View Tower Apartments, located at 500 W Ml King Blvd in Chattanooga, has studio and one bedroom high rise style apartments. River View Tower Apartments participates in the Section 8 Project-Based Rental Assistance and Section 202 Supportive Housing for the Elderly programs.

Contact River View Tower Apartments

Message River View Tower Apartments

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 studio and one bedroom units.
  • High Rise
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Project-Based Rental Assistance
  • Senior (62+)
  • Accessible Units
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • 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

About River View Tower Apartments

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!

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% $23,750 $27,150

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%) $23,750 $27,150
Low Income (60%) $28,500 $32,580

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

River View Tower Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 60% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since River View Tower Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

River View Tower Apartments is managed by McCormack Baron Management.

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

Nearby Low Income Apartment Communities

Chestnut Flats

2108 Chestnut St
Chattanooga, TN
Call For Rent
1-3 BR
HCV Welcome

Silvertree Seniors of Chattanooga

5465 Highway 58
Chattanooga, TN
Income Based
1-2 BR
62+
Accessible
Elderly Supportive Housing
Subsidized