Villas at Metro

469 Ponder Pl, Nashville, Tennessee 37228

Villas at Metro, located at 469 Ponder Pl in Nashville, has two and three bedroom apartments. Villas at Metro participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - $825
3 Bedroom (3/1) - $925

Villas at Metro Details

  • 91 two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Nearby Amenities

  • Near Post Office

About Villas at Metro

The Villas at Metro Center is affordable apartment living with a wonderful location, contemporary features and amenities with comfort and style. It is conveniently located directly behind the Post Office, right off Rosa L. Parks Boulevard. We feature 2 and 3 bedroom units.

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.

Nashville 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 Nashville but actual income limits may differ for units at Villas at Metro.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
Low Income (60%) $33,600 $38,400 $43,200 $48,000 $51,840 $55,680 $59,520 $63,360

Villas at Metro was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Villas at Metro is managed by First Cumberland Properties.

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