Ridgecrest Group Home

2nd Fairmont Ave, Monteagle, Tennessee 0

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Ridgecrest Group Home Details

  • 11 units.
  • Project-Based Rental Assistance
  • Senior (62+)
  • Accessible Units
  • Supportive Housing for the Elderly

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Monteagle HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,490 $16,910 $21,330 $25,750 $29,800 $32,000 $34,200 $36,400
50% $19,300 $22,050 $24,800 $27,550 $29,800 $32,000 $34,200 $36,400
80% $30,900 $35,300 $39,700 $44,100 $47,650 $51,200 $54,700 $58,250

These general income qualifications for Monteagle, Tennessee should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Ridgecrest Group Home receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.