Newport Terrace Apartments

425 Terrace Way, Newport, Tennessee 37821

Newport Terrace Apartments apartments is an affordable rental housing community located in Newport, TN.

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Newport Terrace Apartments Details

  • 51 bedroom units.
  • Section 8 Project-Based Rental Assistance

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.

Newport 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 Newport but actual income limits may differ for units at Newport Terrace Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,880 $17,420 $21,960 $26,500 $30,500 $32,750 $35,000 $37,250
50% $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% $31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550

Newport Terrace Apartments is managed by M & M Properties, Inc..

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