Affordable Housing In Grundy County
2 Low Income Apartment Communities In Grundy County
Housing Authorities that serve Grundy County
|Southeast Tennessee Human Resource Agency||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency|
Other Housing Authorities located in Grundy County
|Grundy Housing Authority||Public Housing|
Guide To Affordable Housing in Grundy County, Tennessee
There are 2 low income housing apartment communities offering 44 affordable apartments for rent in Grundy County, Tennessee.
Income Based Apartments in Grundy County, Tennessee
Grundy County features 20 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Grundy County, Tennessee
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grundy County.
Housing Choice Vouchers in Grundy County, Tennessee
On average, Section 8 Housing Choice vouchers pay Grundy County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Grundy County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grundy County, Tennessee for a two-bedroom apartment is between $584 and $714.
2020 Grundy County, Tennessee Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$492||$518||$649||$894||$969|
|Payment Standard Range||$443 to $541||$466 to $570||$584 to $714||$805 to $983||$872 to $1,066|
Sourced from federal housing data and AffordableHousingOnline.com research.
Grundy County, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||44|
|Total Housing Units with Rental Assistance||20|
|Percentage of Housing Units Occupied By Renters||22.39%|
|Average Renter Household Size||2.37|
|Average Household Size||2.55|
|Median Household Income||$27,373 ±$2,183|
|Median Rent||$525 ±$46|
|Percentage Of Renters Overburdened||26.78% ± 7.76pp|
Population and Household Demographics
Grundy County is a County in Tennessee with a population of 13,524. There are 5,221 households in the county with an average household size of 2.55 persons. 22.39% of households in Grundy County are renters.
Income and Rent Overburden in Grundy County
The median gross income for households in Grundy County is $27,373 a year, or $2,281 a month. The median rent for the county is $525 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grundy County, a household making less than $1,750 a month would be considered overburdened when renting an apartment at or above the median rent. 26.78% of households who rent are overburdened in Grundy County.1
Area Median Income In Grundy County
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.
In Grundy County, HUD calculates the Area Median Income for a family of four as $39,700
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 Grundy County
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 Grundy County HUD Rental Assistance in Grundy County
|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||$28,350||$30,450||$32,550||$34,650|
|50% of Median||$18,400||$21,000||$23,650||$26,250||$28,350||$30,450||$32,550||$34,650|
|80% of Median||$29,400||$33,600||$37,800||$42,000||$45,400||$48,750||$52,100||$55,450|
Cities In Grundy County
Select A City to View its Apartment Communities and Waiting Lists.
|Tracy City||1||The HUD funded Public Housing Agency that serves Tracy City is the Southeast Tennessee Human Resource Agency.|
|Coalmont||1||The HUD funded Public Housing Agency that serves Coalmont is the Southeast Tennessee Human Resource Agency.|
|Gruetli laager||0||The HUD funded Public Housing Agency that serves Gruetli laager is the Southeast Tennessee Human Resource Agency.|
|Altamont||0||The HUD funded Public Housing Agency that serves Altamont is the Southeast Tennessee Human Resource Agency.|
|Beersheba Springs||0||The HUD funded Public Housing Agency that serves Beersheba Springs is the Southeast Tennessee Human Resource Agency.|
|Gruetli-Laager||0||The HUD funded Public Housing Agency that serves Gruetli-Laager is the Southeast Tennessee Human Resource Agency.|
|Palmer||0||The HUD funded Public Housing Agency that serves Palmer is the Southeast Tennessee Human Resource Agency.|
|Pelham||0||The HUD funded Public Housing Agency that serves Pelham is the Southeast Tennessee Human Resource Agency.|