Cloverleaf Apartments

121 Wayman Rd, Madisonville, Tennessee 37354

Cloverleaf Apartments offers 1, 2, and 3 bedroom units. For more information about leasing, please contact the Cloverleaf Apartment leasing office. 

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 747 Call for Price
2 Bedroom (2/1.5) 930 Call for Price
3 Bedroom (3/2) 1205 Call for Price

Cloverleaf Apartments Details

  • 48 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • On-Site Manager
  • Laundry Facilities
  • Smoke Free
  • High Speed Internet Access

Unit Amenities

  • Central Air
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Refrigerator
  • Water Trash and Sewer Included

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.

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 Cloverleaf 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

Cloverleaf Apartments is managed by Greer Management .

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