Summit Towers

201 Locust St, Knoxville, Tennessee 37902

Welcome to Summit Towers, an apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Summit Towers!

Our spacious 1 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features on-site laundry, a courtyard, and a convenient downtown location. For your benefit, our community's service coordinator is readily available to assist you with your needs.

Summit Towers is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from downtown, shopping, the UT Campus, and provides easy interstate access. Here at Summit Towers, we understand that your pet is a special part of your family. We are pet friendly and look forward to making your furry friend a part of our community!

Call us today to make an appointment to see for yourself why Summit Towers, should be your new home. We look forward to hearing from you!

Contact Summit Towers

Message Summit Towers

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 500 Income Based

Summit Towers Details

  • 278 one bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Resident Service Coordinator
  • Downtown Location
  • Pet Friendly
  • Courtyard
  • Convenient Location
  • On-site Laundry

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Utilities Included
  • Walk-in Closet(s)
  • Spacious floor plans
  • Oversized Windows

Nearby Amenities

  • Close to Shopping
  • Near Highway or Interstate

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 Summit Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,350 $17,550 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $25,550 $29,200 $32,850 $36,500 $39,450 $42,350 $45,300 $48,200
80% $40,900 $46,750 $52,600 $58,400 $63,100 $67,750 $72,450 $77,100

Knoxville 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 Knoxville but actual income limits may differ for units at Summit Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,550 $29,200 $32,850 $36,500 $39,450 $42,350 $45,300 $48,200
Low Income (60%) $30,660 $35,040 $39,420 $43,800 $47,340 $50,820 $54,360 $57,840

Summit Towers is managed by Millennia Housing Management.

Image of Summit Towers
Image of Summit Towers

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