Affordable Housing In Grundy County
Tennessee

2 Low Income Apartment Communities In Grundy County

Meadowood Apartments

14252 US Highway 41
Tracy City, TN
Subsidized

Elk Meadows Apartments

Daniel Rd And Industrial Rd
Coalmont, TN
HCV Welcome
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There are 2 low income housing apartment complexes which contain 44 affordable apartments for rent in Grundy County. Many of these rental apartments are income based housing with 20 apartments that set rent based on your income. In Grundy County, HUD housing programs support 20 rental assistance apartments through programs like Project-based Section 8. There are 24 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Grundy County

Housing Authority Programs
Southeast Tennessee Human Resource Agency Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Other Housing Authorities located in Grundy County

Housing Authority Programs
Grundy Housing Authority Public Housing

Guide To Affordable Housing in Grundy County, Tennessee

Grundy County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 44
Total Rent Assisted Apartments 20
Percentage of Housing Units Occupied By Renters 22.39%
Average Renter Household Size 2.37
Total Population 13,524
Housing Units 5,221
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

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Grundy County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Grundy County is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Grundy County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$457 $496 $619 $866 $919

Cities In Grundy County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
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.