Affordable Housing In Cheatham County
Tennessee

2 Low Income Apartment Communities In Cheatham County

Housing Authorities that serve Cheatham County

Housing Authority	Programs
Tennessee Housing Development Agency Central Office	Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency Middle Tennessee Office	Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Cheatham County, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 2 low income housing apartment communities offering 219 affordable apartments for rent in Cheatham County, Tennessee. Cheatham County features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 219 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Cheatham County.

Cheatham County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties	2
Total Low Income Apartments	219
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	20.59%
Average Renter Household Size	2.77
Average Household Size	2.70
Median Household Income	$51,857 ±$2,645
Median Rent	$953 ±$86
Percentage Of Renters Overburdened	50.94% ± 6.61pp
Total Population	39,422

Population and Household Demographics

Cheatham County is a County in Tennessee with a population of 39,422. There are 14,499 households in the county with an average household size of 2.70 persons. 20.59% of households in Cheatham County are renters.

Income and Rent Overburden in Cheatham County

The median gross income for households in Cheatham County is $51,857 a year, or $4,321 a month. The median rent for the county is $953 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cheatham County, a household making less than $3,177 a month would be considered overburdened when renting an apartment at or above the median rent. 50.94% of households who rent are overburdened in Cheatham County.¹

Area Median Income In Cheatham 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 Cheatham County, HUD calculates the Area Median Income for a family of four as $80,000

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 Cheatham 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 Cheatham County HUD Rental Assistance in Cheatham County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$16,800	$19,200	$21,600	$25,750	$30,170	$34,590	$39,010	$43,430
50% of Median	$28,000	$32,000	$36,000	$40,000	$43,200	$46,400	$49,600	$52,800
80% of Median	$44,800	$51,200	$57,600	$64,000	$69,150	$74,250	$79,400	$84,500

Low Income Housing Tax Credits in Cheatham County

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

From 2003 to 2003, 2 low income apartment communities containing 192 rental apartments have been constructed and made affordable to low income persons in Cheatham 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 Cheatham County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50% of Median	$28,000	$32,000	$36,000	$40,000	$43,200	$46,400	$49,600	$52,800
60% of Median	$33,600	$38,400	$43,200	$48,000	$51,840	$55,680	$59,520	$63,360

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 Cheatham County is $43,200 a year, or $3,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,600 by 30% to get a maximum rent of $1,080 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%	$700	$750	$900	$1,040	$1,160	$1,280
60%	$840	$900	$1,080	$1,248	$1,392	$1,536

Fair Market Rents in Cheatham 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
$898	$957	$1,136	$1,484	$1,822