Wedgewood Towers Apartments

1195 Wedgewood Ave, Nashville, Tennessee 37203

Wedgewood Towers Apartments, located at 1195 Wedgewood Ave in Nashville, has one bedroom apartments. Wedgewood Towers Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Wedgewood Towers Apartments

Message Wedgewood Towers Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 600 Call for Price

Wedgewood Towers Apartments Details

  • 121 one bedroom units.
  • Project-Based Rental Assistance
  • Persons With Disabilities
  • Senior (62+)

Property Amenities

  • Computer Lab
  • Community Room
  • Resident Service Coordinator
  • Pool Table
  • On Bus-line

Unit Amenities

  • Dining Area

About Wedgewood Towers Apartments

Wedgewood Towers is located at 1195 Wedgewood Ave., Nashville, TN 37203. Our high-rise facility accommodates disabled individuals and/or elderly persons, 62 and older. All of our apartments are one-bedroom, one-bathroom 600 sq.ft. units, spaciously designed for comfortable maneuver. Our property is conveniently located on a bus line, and we are just minutes from Downtown Nashville. Our amenities include: two large community rooms, each with a big-screen cable television; a community pool table; a computer lab; and a community dining area. Further enhancing our facility, we have an on-site Service Coordinator who provides a range of services including financial, medical, psychological, educational, and emotional support.

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. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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 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 Nashville but actual income limits may differ for units at Wedgewood Towers Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% $28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
80% $44,800 $51,200 $57,600 $64,000 $69,150 $74,250 $79,400 $84,500

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 Wedgewood Towers Apartments.

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

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

Wedgewood Towers Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Wedgewood Towers Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Wedgewood Towers Apartments is managed by First Cumberland Properties.

Nearby Low Income Apartment Communities

Villas at Metro

469 Ponder Pl
Nashville, TN
$825-925
2-3 BR
HCV Welcome

Riverwood Tower Apartments

621 North Dupont Avenue
Nashville, TN
Income Based
1 BR
HCV Welcome
Subsidized

Skyview Apartments

307 Susannah Ct
Nashville, TN
Call For Rent
1-4 BR
Subsidized

Biltmore Place Apartments

830 Glastonbury Road
Nashville, TN
$764-1,048
1-3 BR
HCV Welcome