Affordable Housing In Englewood
McMinn County, Tennessee

2 Low Income Apartment Communities In Englewood

Cherokee Village Apartments

26 Phillips St
Englewood, TN
Call For Rent
1-2 BR
Subsidized

Cherokee Hill Apartments

Plato St
Englewood, TN
HCV Welcome
  • «
  • 1
  • »

Housing Authorities that serve Englewood

Housing Authority Programs
Dayton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Englewood, Tennessee

There are 2 low income housing apartment communities offering 48 affordable apartments for rent in Englewood, Tennessee. Englewood features 24 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Englewood.

Sourced from federal housing data and AffordableHousingOnline.com research.

Englewood, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 34.26%
Average Renter Household Size 2.96
Average Household Size 2.74
Median Household Income $26,994 ±$5,036
Median Rent $564 ±$96
Percentage Of Renters Overburdened 48.72% ± 12.32pp
Total Population 1,869

Population and Household Demographics

Englewood is a City in McMinn County, Tennessee with a population of 1,869. There are 683 households in the city with an average household size of 2.74 persons. 34.26% of households in Englewood are renters.

Income and Rent Overburden in Englewood

The median gross income for households in Englewood is $26,994 a year, or $2,250 a month. The median rent for the city is $564 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Englewood, a household making less than $1,880 a month would be considered overburdened when renting an apartment at or above the median rent. 48.72% of households who rent are overburdened in Englewood.1

Area Median Income In Englewood

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 Englewood, the AMI is calculated from all households within McMinn County.

In Englewood, HUD calculates the Area Median Income for a family of four as $52,700

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 Englewood

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 Englewood HUD Rental Assistance in Englewood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,500 $30,600 $32,700 $34,800
50% of Median $18,450 $21,100 $23,750 $26,350 $28,500 $30,600 $32,700 $34,800
80% of Median $29,550 $33,750 $37,950 $42,150 $45,550 $48,900 $52,300 $55,650
Low Income Housing Tax Credits in Englewood

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

From 1987 to 1987, 1 low income apartment communities containing 24 rental apartments have been constructed and made affordable to low income persons in Englewood 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 Englewood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,450 $21,100 $23,750 $26,350 $28,500 $30,600 $32,700 $34,800
60% of Median $22,140 $25,320 $28,500 $31,620 $34,200 $36,720 $39,240 $41,760

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 Englewood is $28,500 a year, or $2,375 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,375 by 30% to get a maximum rent of $713 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% $461 $494 $594 $686 $765 $844
60% $554 $593 $713 $823 $918 $1,013
Fair Market Rents in Englewood

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
$492 $570 $649 $876 $879