Affordable Housing In Lynchburg
Bedford County, Tennessee

3 Low Income Apartment Communities In Lynchburg

Pleasant Valley Apartments

67 Craig St
Lynchburg, Tennessee
Subsidized

Lynchburg Manor

804 Main Street
Lynchburg, Tennessee

Lynchburg Ltd

RR 3 Box 31
Lynchburg, Tennessee
Accepts Vouchers
  • «
  • 1
  • »

Housing Authorities that serve Lynchburg

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lynchburg, Tennessee

There are 3 low income housing apartment communities offering 57 affordable apartments for rent in Lynchburg, Tennessee.

Income Based Apartments in Lynchburg, Tennessee

Lynchburg features 33 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 Lynchburg, Tennessee

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lynchburg.

Housing Choice Vouchers in Lynchburg, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lynchburg, Tennessee for a two-bedroom apartment is between $691 and $845.

2020 Lynchburg, 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 $590 $594 $768 $979 $1,173
Payment Standard Range $531 to $649 $535 to $653 $691 to $845 $881 to $1,077 $1,056 to $1,290

Sourced from federal housing data and AffordableHousingOnline.com research.

Area Median Income In Lynchburg

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 Lynchburg, the AMI is calculated from all households within Bedford County.

In Lynchburg, HUD calculates the Area Median Income for a family of four as $53,300

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 Lynchburg

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 Lynchburg

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 $28,800 $30,950 $33,050 $35,200
50% of Median $18,700 $21,350 $24,000 $26,650 $28,800 $30,950 $33,050 $35,200
80% of Median $29,900 $34,150 $38,400 $42,650 $46,100 $49,500 $52,900 $56,300