Island Grove

150 Willow Creek Drive, Madisonville, TN 37354

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 2 - 3 Beds 2 Baths 1,200 - 1,400 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Project-Based Rental Assistance
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Welcome to Island Grove, a residential community featuring 2- and 3-bedroom apartments in Madisonville, Tennessee. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within close proximity to shopping, dining, and entertainment options.

Dave's Thoughts On Island Grove

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Island Grove does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Island Grove Amenities

  • Clubhouse
  • On-Site Manager
  • Laundry Room
  • Gazebo
  • Ceiling Fan(s)
  • Washer and Dryer Hookup
  • Grilling Area
  • On-Site Maintenance
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Mini Blinds & Curtain Rods
  • Computer Room
  • Picnic Area

Units at Island Grove

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/2) 1200ft2 Call for Price
Three Bedroom (3/2) 1400ft2 Call for Price

Income Qualification for Island Grove

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
50% AMI for LIHTC Units $23,400 / year $26,750 / year $30,100 / year $33,400 / year $36,100 / year $38,750 / year
50% AMI for PBRA Units $23,400 / year $26,750 / year $30,100 / year $33,400 / year $36,100 / year $38,750 / year
60% AMI for LIHTC Units $28,080 / year $32,100 / year $36,120 / year $40,080 / year $43,320 / year $46,500 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Island Grove

Does Island Grove have a waiting list?

Island Grove probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Island Grove?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Island Grove?

Island Grove is managed by Royal American Management headquartered in Panama City, Florida.

In addition to Island Grove, how many other affordable housing properties (and units) are there in Madisonville?

In addition to Island Grove, we list 15 other affordable properties in Madisonville. Learn about these properties here. Our data research shows that there are a total of 1192 affordable units in Madisonville.

When was the Island Grove listing last updated?

Island Grove listing on Affordable Housing Online was last updated on 10/18/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Island Grove

Cumberland View Towers

1201 Cheyenne Blvd, Madisonville, Tennessee 37115

bed 1
switch_access_shortcut Short Wait

Charter Village Apartments

333 Rio Vista Dr, Madisonville, Tennessee 37115

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

The Briarville

600 Creative Way, Madisonville, Tennessee 37115

bed 2-3
payment $1243-1432/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

808 at Skyline Ridge

808 Old Due West Ave, Madisonville, Tennessee 37115

bed 2-3
payment $1520-1680/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Old Saybrook Apartments

529 Isbill Rd, Madisonville, Tennessee 37354

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Laurel Place Apartments

121 Helms Drive, Madisonville, Tennessee 37354

payment Subsidized
accessibility Accessible
accessible_forward Disability
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

Email Signup
Don't Miss A Waiting List Opening