Cherokee Place

1101 Shawnee Dr., Franklin, TN 37064

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
$775 - 1,250 per Month 1 - 3 Beds 1 Bath -
check_circle  Family and Senior
check_circle  Affordable

This property is currently under construction.

Cherokee Place is an upcoming affordable housing community offering 1-, 2-, and 3-bedroom units.

Dave's Thoughts On Cherokee Place

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Cherokee Place does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Units at Cherokee Place

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - $775 $850
Two Bedroom (2/1) - $900 $1,000
Three Bedroom (3/1) - $961 $1,250

Income Qualification for Cherokee Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
50% AMI for LIHTC Units $34,950 / year $39,950 / year $44,950 / year $49,900 / year $53,900 / year $57,900 / year
50% AMI for PBRA Units $34,950 / year $39,950 / year $44,950 / year $49,900 / year $53,900 / year $57,900 / year
60% AMI for LIHTC Units $41,940 / year $47,940 / year $53,940 / year $59,880 / year $64,680 / year $69,480 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Cherokee Place

Does Cherokee Place have a waiting list?

Cherokee Place probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Cherokee Place?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to Cherokee Place, how many other affordable housing properties (and units) are there in Franklin?

In addition to Cherokee Place, we list 15 other affordable properties in Franklin. Learn about these properties here. Our data research shows that there are a total of 357 affordable units in Franklin.

When was the Cherokee Place listing last updated?

Cherokee Place listing on Affordable Housing Online was last updated on 11/03/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Cherokee Place

Reddick Senior Residence

198 Granbury St, Franklin, Tennessee 37064

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Harpeth Hills Apartments Phase II

300 Sycamore Dr, Franklin, Tennessee 37064

bed 1-3
payment Subsidized
accessibility Accessible

Carrington Hills

3750 Carothers Pky, Franklin, Tennessee 37067

bed 2-3
payment $1609-1666/mo.

Magnolia Place Apartments

813 Del Rio Pike, Franklin, Tennessee 37064

bed 1
payment $1430/mo.

Wyndchase Aspen Grove

3100 Aspen Grove Dr, Franklin, Tennessee 37067

bed 1-2
payment $1357-1523/mo.

Viera Cool Springs

300 N Royal Oaks Blvd, Franklin, Tennessee 37067

bed 1-2
payment $1421-1600/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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