Spring Valley Apartments

1400 Manor Dr, Murfreesboro, Tennessee 37130

Spring Valley is an apartment community, located in Murfreesboro, TN and is managed by ALCO Management, Inc. Spring Valley Apartments offers 1 to 3 bedroom apartments ranging in size from 600 to 912 sq.ft.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 600 Call for Price
Two Bedroom (2/1) 755 Call for Price
Three Bedroom (3/1) 912 Call for Price

Spring Valley Apartments Details

  • 176 1, 2 and 3 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 223

Property Amenities

  • Playground
  • BBQ and Picnic Area
  • On-Site Manager
  • Off Street Parking
  • On-Site Maintenance
  • Laundry Facilities

Unit Amenities

  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator
  • Private Patio and Balcony

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 10:00am-5:00pm
Tuesday 10:00am-5:00pm
Wednesday 10:00am-5:00pm
Thursday 10:00am-5:00pm
Friday 10:00am-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.

Murfreesboro 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 Murfreesboro but actual income limits may differ for units at Spring Valley Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,850 $22,650 $25,500 $28,300 $32,470 $37,190 $41,910 $46,630
50% $33,050 $37,750 $42,450 $47,150 $50,950 $54,700 $58,500 $62,250
80% $52,850 $60,400 $67,950 $75,450 $81,500 $87,550 $93,600 $99,600

Spring Valley Apartments is managed by Alco Management Inc..

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Image of Spring Valley Apartments
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