Affordable Housing In Martin
Weakley County, Tennessee

8 Low Income Apartment Communities In Martin

Martin Meadows Apartments

289 Highway 431
Martin, TN
HCV Welcome

Wesley at Martin

448 Hannings Ln
Martin, TN
Elderly Supportive Housing

Martin Group Home

211 Ivie Ln
Martin, TN

Northwest Apartments of Weakley County

109 Harrison Rd
Martin, TN
Elderly Supportive Housing

Jwc Housing Corporation

113 Willow Ln
Martin, TN
Elderly Supportive Housing

Williamsburg Landing

315 Hawks Rd
Martin, TN
HCV Welcome

Puckett Plaza

9 E Heights Cir
Martin, TN

Chapelridge of Martin

528 Ellis St
Martin, TN
HCV Welcome
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There are 8 low income housing apartment complexes which contain 595 affordable apartments for rent in Martin. Many of these rental apartments are income based housing with 379 apartments that set rent based on your income. In Martin, HUD housing programs support 9 rental assistance apartments through programs like Project-based Section 8. There are 216 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Martin

Housing Authority Programs
Martin Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Martin, Tennessee

Martin, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 595
Total Rent Assisted Apartments 379
Percentage of Housing Units Occupied By Renters 54.29%
Average Renter Household Size 1.96
Total Population 11,199
Housing Units 4,071
Average Household Size 2.18
Median Household Income $31,126 ±$2,607
Median Rent $570 ±$37
Percentage Of Renters Overburdened 55.52% ± 8.33pp

Population and Household Demographics

Martin is a City in Weakley County, Tennessee with a population of 11,199. There are 4,071 households in the city with an average household size of 2.18 persons. 54.29% of households in Martin are renters.

Income and Rent Overburden in Martin

The median gross income for households in Martin is $31,126 a year, or $2,594 a month. The median rent for the city is $570 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Martin, a household making less than $1,900 a month would be considered overburdened when renting an apartment at or above the median rent. 55.52% of households who rent are overburdened in Martin.1

Area Median Income In Martin

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 Martin, the AMI is calculated from all households within Weakley County.

In Martin, HUD calculates the Area Median Income for a family of four as $54,900

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 Martin

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 Martin HUD Rental Assistance in Martin

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 $29,650 $31,850 $34,050 $36,250
50% of Median $19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
80% of Median $30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950
Low Income Housing Tax Credits in Martin

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

From 2005 to 2011, 3 low income apartment communities containing 180 rental apartments have been constructed and made affordable to low income persons in Martin 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 Martin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
60% of Median $23,100 $26,400 $29,700 $32,940 $35,580 $38,220 $40,860 $43,500

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 Martin is $29,700 a year, or $2,475 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,475 by 30% to get a maximum rent of $743 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% $481 $516 $619 $714 $796 $879
60% $578 $619 $743 $857 $956 $1,055
Fair Market Rents in Martin

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
$427 $487 $619 $814 $971