Affordable Housing In Davidson County
Tennessee

Housing Authorities that serve Davidson County

Housing Authority	Programs
Metropolitan Development and Housing Agency	Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH)

Other Housing Authorities located in Davidson County

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

Guide To Affordable Housing in Davidson County, Tennessee

There are 191 low income housing apartment communities offering 15,128 affordable apartments for rent in Davidson County, Tennessee. Davidson County features 10,019 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 5,109 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Davidson County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Davidson County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties	191
Total Low Income Apartments	15,128
Total Housing Units with Rental Assistance	10,019
Percentage of Housing Units Occupied By Renters	45.86%
Average Renter Household Size	2.33
Average Household Size	2.41
Median Household Income	$48,368 ±$869
Median Rent	$874 ±$7
Percentage Of Renters Overburdened	47.34% ± 1.26pp
Total Population	658,506

Population and Household Demographics

Davidson County is a County in Tennessee with a population of 658,506. There are 264,211 households in the county with an average household size of 2.41 persons. 45.86% of households in Davidson County are renters.

Income and Rent Overburden in Davidson County

The median gross income for households in Davidson County is $48,368 a year, or $4,031 a month. The median rent for the county is $874 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Davidson County, a household making less than $2,913 a month would be considered overburdened when renting an apartment at or above the median rent. 47.34% of households who rent are overburdened in Davidson County.¹

Area Median Income In Davidson 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 Davidson 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 Davidson 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 Davidson County HUD Rental Assistance in Davidson 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 Davidson County

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

From 1987 to 2012, 151 low income apartment communities containing 6,038 rental apartments have been constructed and made affordable to low income persons in Davidson 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 Davidson 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 Davidson 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 Davidson 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