Beason Well Apartments

893 New Beason Well Rd, Kingsport, Tennessee 37660

Apply Today!

Contact Beason Well Apartments

Message Beason Well Apartments

Beason Well Apartments Details

  • 72 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

Kingsport 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 Kingsport but actual income limits may differ for units at Beason Well Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
Low Income (60%) $25,080 $28,620 $32,220 $35,760 $38,640 $41,520 $44,400 $47,220

Beason Well Apartments is managed by The Hallmark Companies, Inc..

Nearby Low Income Apartment Communities

Maple Oak Apartments

818 Oak St
Kingsport, Tennessee
Income Based
1 BR

Lynnview Ridge Apartments

633 Barnett Dr
Kingsport, Tennessee
Call For Rent
2-3 BR

Holston Terrace Inc

1924 Bowater Dr
Kingsport, Tennessee
Elderly Supportive Housing

Holston Residence, Inc

1800 Mountain View Ave
Kingsport, Tennessee
Disabled Supportive Housing