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Affordable Housing In Lakewood
Davidson County, Tennessee

3 Low Income Apartment Communities In Lakewood

Old Hickory Towers

930 Industrial Dr
Lakewood, Tennessee
Call For Rent
1-2 BR
Subsidized

Nashville Voa Living Centers

209 Claudia Dr
Lakewood, Tennessee
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Nashville Volunteers of America LC Inc.

110 Ryburn Dr
Lakewood, Tennessee
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Housing Authorities that serve Lakewood

Housing Authority Programs
Metropolitan Development and Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Lakewood, Tennessee

There are 3 low income housing apartment communities offering 229 affordable apartments for rent in Lakewood, Tennessee.

Income Based Apartments in Lakewood, Tennessee

Lakewood features 229 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 Lakewood, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakewood.

Housing Choice Vouchers in Lakewood, Tennessee

On average, Section 8 Housing Choice vouchers pay Lakewood landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakewood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakewood, Tennessee for a two-bedroom apartment is between $1,022 and $1,250.

2020 Lakewood, 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 $898 $957 $1,136 $1,484 $1,822
Payment Standard Range $808 to $988 $861 to $1,053 $1,022 to $1,250 $1,336 to $1,632 $1,640 to $2,004

Sourced from federal housing data and AffordableHousingOnline.com research.

Lakewood, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 229
Total Housing Units with Rental Assistance 229
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Lakewood is a city in Davidson County, Tennessee with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Lakewood are renters.

Income and Rent Overburden in Lakewood

The median gross income for households in Lakewood is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Lakewood

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lakewood, the AMI is calculated from all households within Davidson County.

In Lakewood, HUD calculates the Area Median Income for a family of four as $82,300

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 Lakewood

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 HUD Rental Assistance in Lakewood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,300 $19,800 $22,250 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $28,850 $32,950 $37,050 $41,150 $44,450 $47,750 $51,050 $54,350
80% of Median $46,100 $52,700 $59,300 $65,850 $71,150 $76,400 $81,700 $86,950