1100 Studio Apartments (AKA Townview Towers)
1100 Townview Dr, Knoxville, Tennessee 37915
Situated in the Old City area of Knoxville, Tennessee, Townview Towers Apartments is a community for elderly people. They offer senior care in a clean and pleasant setting. The neighborhood this community is located in is sparsely populated, including around 5,647 residents in the zip code of 37915. It is a predominantly low income area, with a median per-home income of $11,160.
1100 Studio Apartments (AKA Townview Towers) Details
- 299 bedroom units.
- Section 8 Project-Based Rental Assistance
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- On-Site Parking
Section 8 Project-Based Rental Assistance
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.
Knoxville HUD Rental Assistance Income Qualifications
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Knoxville but actual income limits may differ for units at 1100 Studio Apartments (AKA Townview Towers).
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $17,150 | $19,600 | $23,030 | $27,750 | $32,470 | $37,190 | $41,910 | $46,630 |
| 50% | $28,600 | $32,650 | $36,750 | $40,800 | $44,100 | $47,350 | $50,600 | $53,900 |
| 80% | $45,750 | $52,250 | $58,800 | $65,300 | $70,550 | $75,750 | $81,000 | $86,200 |
1100 Studio Apartments (AKA Townview Towers) is managed by LHP CAPITAL DEVELOPMENT MANAGEMENT.
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