Affordable Housing In Macon County
Tennessee

7 Low Income Apartment Communities In Macon County

Lafayette Landing

155 Lafayette Landing drive
Lafayette, TN
$435-732
1-3 BR
HCV Welcome

Shenandoah Apartments

1135 Shenandoah Dr
Lafayette, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Golden Oaks Village

101 Golden Oaks Dr
Lafayette, TN

Woodycrest Apartments

1101 Kimble Dr
Lafayette, TN
Subsidized

Shenandoah Haven

1135 Sneed Blvd
Lafayette, TN
Accessible
Disabled Supportive Housing
Subsidized

Spring Tree Villas

142 Kinnebrew Dr
Red Boiling Springs, TN

412 Wells Dr

412 Wells Dr
Lafayette, TN
  • «
  • 1
  • »

There are 7 low income housing apartment complexes which contain 331 affordable apartments for rent in Macon County. Many of these rental apartments are income based housing with 167 apartments that set rent based on your income. In Macon County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 164 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Macon County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency

Other Housing Authorities located in Macon County

Housing Authority Programs
Lafayette Housing Authority Public Housing

Guide To Affordable Housing in Macon County, Tennessee

Macon County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 331
Total Rent Assisted Apartments 167
Percentage of Housing Units Occupied By Renters 29.65%
Average Renter Household Size 2.51
Total Population 22,761
Housing Units 8,856
Average Household Size 2.53
Median Household Income $33,509 ±$2,603
Median Rent $539 ±$17
Percentage Of Renters Overburdened 30.96% ± 7.3pp

Population and Household Demographics

Macon County is a County in Tennessee with a population of 22,761. There are 8,856 households in the county with an average household size of 2.53 persons. 29.65% of households in Macon County are renters.

Income and Rent Overburden in Macon County

The median gross income for households in Macon County is $33,509 a year, or $2,792 a month. The median rent for the county is $539 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Macon County, a household making less than $1,797 a month would be considered overburdened when renting an apartment at or above the median rent. 30.96% of households who rent are overburdened in Macon County.1

Area Median Income In Macon County

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.

In Macon County, HUD calculates the Area Median Income for a family of four as $45,100

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 Macon County

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 Macon County HUD Rental Assistance in Macon County

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 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Low Income Housing Tax Credits in Macon County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 1997, 2 low income apartment communities containing 79 rental apartments have been constructed and made affordable to low income persons in Macon County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Macon County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Macon County is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Macon County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$500 $548 $677 $882 $1,062

Cities In Macon County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Lafayette 6 The HUD funded Public Housing Agencies that serve Lafayette are the Lafayette Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Red Boiling Springs 1 The HUD funded Public Housing Agencies that serve Red Boiling Springs are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.