The Senior Residences offer brand new 1 and 2 bedroom apartments homes for seniors, ages 60 and up, in Franklin, Tennessee. Their three-story elevator building offers many amenities including modern appliances, central air and heat, wellness center, and a laundry center on each floor. They have 24-hour emergency maintenance.
Pet Policy: Pet policy restrictions: Please call their Leasing Office for complete Pet Policy information.
|1 Bedroom (1/1)||551||Call for Price|
|2 Bedroom (2/1)||725||Call for Price|
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.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Franklin but actual income limits may differ for units at Senior Residence at Reddick Street .
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,050||$37,750||$42,450||$47,150||$50,950||$54,700||$58,500||$62,250|
|Low Income (60%)||$39,660||$45,300||$50,940||$56,580||$61,140||$65,640||$70,200||$74,700|
Senior Residence at Reddick Street is managed by The Michaels Organization.