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Green Wood Apartments

790 Green Wave Drive, Gallatin, Tennessee 37066

Green Wood Apartments is a well-planned, well cared for community with the kind of make-yourself-at-home felling that convinces you that you would be comfortable here. Green Wood apartments surrounded by an active lifestyle community, making everyday living an exceptional experience. Everything about Green Wood Apartments portrays the quality of the community, the design of the apartment homes, and the care with which the members of the management staff undertake their responsibilities.

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Units

Unit (Bd/Ba) Ft2 Rent
Three Bedroom Garden (3/2) 1094 Call for Price
Three Bedroom Townhouse (3/3) 1196 Call for Price

Green Wood Apartments Details

  • 164 three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Fitness Center
  • Tot Lot
  • Clubhouse
  • Pool
  • 24hr Emergency Maintenance

Unit Amenities

  • Dishwasher
  • Washer/Dryer Hookup
  • Cable Ready
  • Spacious Closets
  • Window Coverings

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Hospital
  • Near Library
  • Near Park
  • Near Schools

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.

Gallatin Low-Income Housing Tax Credit Income Limits

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 Gallatin but actual income limits may differ for units at Green Wood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
Low Income (60%) $33,600 $38,400 $43,200 $48,000 $51,840 $55,680 $59,520 $63,360

Green Wood Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Green Wood Apartments is managed by CAPREIT.

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Image of Green Wood Apartments
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Image of Green Wood Apartments
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