Charter Village Apartments

333 Rio Vista Dr, Madisonville, Tennessee 37115

Live in a beautiful garden-style, affordable apartment near the Cumberland River in Madison, TN. At Charter Village Apartments, they bring together the apartment features and community amenities you need to live your lifestyle in Madison. 

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 643 Call for Price
Two Bedroom (2/1) 823 Call for Price
Three Bedroom (3/1) 976 Call for Price

Charter Village Apartments Details

  • 250 one, two and three bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • Public Housing

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Mini Blinds & Curtain Rods
  • Energy Efficient Appliances

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Madisonville 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 Madisonville but actual income limits may differ for units at Charter Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,880 $17,420 $21,960 $26,500 $30,500 $32,750 $35,000 $37,250
50% $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% $31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550

Madisonville 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 Madisonville but actual income limits may differ for units at Charter Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
Low Income (60%) $23,700 $27,120 $30,480 $33,840 $36,600 $39,300 $42,000 $44,700

Charter Village Apartments is managed by PK Management, LLC.

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