Affordable Housing In Columbia
Maury County, Tennessee

12 Low Income Apartment Communities In Columbia

Hallmark at Columbia

600 Hallmark Dr
Columbia, TN
HCV Welcome

North Ridge

1201 McBride Cir
Columbia, TN

Housing Authorities that serve Columbia

Housing Authority Programs
Columbia Housing and Redevelopment Corporation Rental Assistance Demonstration (RAD)
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Columbia, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 12 low income housing apartment communities offering 1,005 affordable apartments for rent in Columbia, Tennessee. Columbia features 460 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 545 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Columbia.

Columbia, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 1,005
Total Housing Units with Rental Assistance 460
Percentage of Housing Units Occupied By Renters 43.72%
Average Renter Household Size 2.45
Average Household Size 2.46
Median Household Income $36,426 ±$1,971
Median Rent $682 ±$25
Percentage Of Renters Overburdened 49.4% ± 4.8pp
Total Population 35,627

Population and Household Demographics

Columbia is a City in Maury County, Tennessee with a population of 35,627. There are 14,075 households in the city with an average household size of 2.46 persons. 43.72% of households in Columbia are renters.

Income and Rent Overburden in Columbia

The median gross income for households in Columbia is $36,426 a year, or $3,036 a month. The median rent for the city is $682 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Columbia, a household making less than $2,273 a month would be considered overburdened when renting an apartment at or above the median rent. 49.4% of households who rent are overburdened in Columbia.1

Area Median Income In Columbia

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Columbia, the AMI is calculated from all households within Maury County.

In Columbia, HUD calculates the Area Median Income for a family of four as $64,700

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 Columbia

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 Columbia HUD Rental Assistance in Columbia

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,750
50% of Median $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
80% of Median $36,250 $41,400 $46,600 $51,750 $55,900 $60,050 $64,200 $68,350
Low Income Housing Tax Credits in Columbia

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

From 1987 to 2007, 7 low income apartment communities containing 545 rental apartments have been constructed and made affordable to low income persons in Columbia 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 Columbia

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
60% of Median $27,180 $31,080 $34,980 $38,820 $41,940 $45,060 $48,180 $51,300

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 Columbia is $34,980 a year, or $2,915 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,915 by 30% to get a maximum rent of $875 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% $566 $607 $729 $841 $939 $1,036
60% $680 $728 $875 $1,010 $1,127 $1,244
Fair Market Rents in Columbia

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
$706 $739 $900 $1,298 $1,390