Cherokee Village Apartments

26 Phillips St, Englewood, Tennessee 37329

Cherokee Village Apartments, located at 26 Phillips St in Englewood, has one and two bedroom apartments. Cherokee Village Apartments participates in the Section 515 Rural Rental Housing, Section 521 USDA Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Cherokee Village Apartments

Message Cherokee Village Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price

Cherokee Village Apartments Details

  • 24 one and two bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • On-Site Manager
  • Laundry Room
  • On-Site Maintenance
  • Open Parking

Unit Amenities

  • Refrigerator
  • Central Heat & Air

About Cherokee Village Apartments

Cherokee Village Apartments 1 and 2 bedroom family apartments with central heat, central air, fire stops, parking, and smoke alarms.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Englewood HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Englewood but actual income limits may differ for units at Cherokee Village Apartments.

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

These general income qualifications for Englewood, Tennessee should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Cherokee Village Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Cherokee Village Apartments is managed by MACO Management Company.

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