Low Income Apartments In Cookeville
Putnam County, Tennessee

Waiting List Openings In Cookeville

Waiting ListStatus
Tennessee Housing Development Agency East Tennessee Office Housing Choice Voucher Open Soon

Low Income Apartments In Cookeville

Terrace Townhomes

1366 Crescent Dr.
Cookeville, TN
3 BR
HCV Welcome

Garden Grove Apartments

300 Quinland Lake Ct
Cookeville, TN
HCV Welcome

Walnut Village Apartments

201 S Walnut Ave
Cookeville, TN

Laurel Creek

580 Cora Rd
Cookeville, TN
Elderly Supportive Housing

Algood Village

100 Church Ct
Cookeville, TN
Elderly Supportive Housing

Cypress Creek Apartments

600 W 8th St
Cookeville, TN
HCV Welcome

314 W 9th St

314 W 9th St
Cookeville, TN
HCV Welcome

Genesis House Dixie and Virginia

1330 N Dixie Ave
Cookeville, TN
HCV Welcome

Cane Creek Apartments

2500 W Jackson St
Cookeville, TN
HCV Welcome

Willow Heights

861 Willow Valley Ct
Cookeville, TN
HCV Welcome

There are 12 low income housing apartment complexes which contain 1,067 affordable apartments for rent in Cookeville, Tennessee. Many of these rental apartments are income based housing with about 735 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 140 Project-Based Section 8 subsidized apartments in Cookeville. There are 332 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Cookeville

Housing Authority Programs
Cookeville Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency

Guide To Affordable Housing in Cookeville, Tennessee

Cookeville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 1,067
Total Rent Assisted Apartments 735
Percentage of Housing Units Occupied By Renters 56.46%
Average Renter Household Size 2.09
Total Population 31,831
Housing Units 13,091
Average Household Size 2.22
Median Household Income $28,275 ±$3,034
Median Rent $626 ±$20
Percentage Of Renters Overburdened 49.51% ± 4.7pp

Population and Household Demographics

Cookeville is a City in Putnam County, Tennessee with a population of 31,831. There are 13,091 households in the city with an average household size of 2.22 persons. 56.46% of households in Cookeville are renters.

Income and Rent Overburden in Cookeville

The median gross income for households in Cookeville is $28,275 a year, or $2,356 a month. The median rent for the city is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cookeville, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 49.51% of households who rent are overburdened in Cookeville.1

Area Median Income In Cookeville

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 Cookeville, the AMI is calculated from all households within Putnam County.

In Cookeville, HUD calculates the Area Median Income for a family of four as $49,700

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 Cookeville

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 Cookeville HUD Rental Assistance in Cookeville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,050 $27,100 $29,100 $31,100 $33,100
50% of Median $17,550 $20,050 $22,550 $25,050 $27,100 $29,100 $31,100 $33,100
80% of Median $28,100 $32,100 $36,100 $40,100 $43,350 $46,550 $49,750 $52,950
Low Income Housing Tax Credits in Cookeville

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

From 1987 to 2009, 7 low income apartment communities containing 294 rental apartments have been constructed and made affordable to low income persons in Cookeville 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 Cookeville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $21,060 $24,060 $27,060 $30,060 $32,520 $34,920 $37,320 $39,720

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 Cookeville is $27,060 a year, or $2,255 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,255 by 30% to get a maximum rent of $677 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% $439 $470 $564 $652 $728 $803
60% $527 $564 $677 $782 $873 $963
Fair Market Rents in Cookeville

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$538 $538 $668 $952 $991