Affordable Housing In Paris
Henry County Tennessee

10 Low Income Apartment Communities In Paris

Tyson Park Apartments

1044 Manely
Paris, TN
Income Based
1-3 BR
Subsidized

Brookfield Apartments

430 Harrison Ln
Paris, TN
Call For Rent
2-4 BR
Subsidized

Colony Square Apartments

1175 Highway 641 South
Paris, TN

Crestview Manor Apartments

700 Mandalay Rd
Paris, TN
Subsidized

Wesley Pine Ridge

702 Pine Ridge Dr
Paris, TN
Subsidized

Chateau Maurice

1101 Volunteer Dr
Paris, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Park Village of Paris

1450 N Market St
Paris, TN
HCV Welcome

Grove Park Apartments

345 Harrison St
Paris, TN
HCV Welcome

Wesley Senior Ministries at Paris

Pine Ridge Rd
Paris, TN
HCV Welcome

Vernon Place

10 Morningside Vlg
Paris, TN
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There are 10 low income housing apartment complexes which contain 621 affordable apartments for rent in Paris. Many of these rental apartments are income based housing with 442 apartments that set rent based on your income. In Paris, HUD housing programs support 206 rental assistance apartments through programs like Project-based Section 8. There are 179 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Paris

Housing Authority Programs
Paris Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Paris, Tennessee

Paris, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 621
Total Rent Assisted Apartments 442
Percentage of Housing Units Occupied By Renters 43.95%
Average Renter Household Size 2.43
Total Population 10,166
Housing Units 4,237
Average Household Size 2.29
Median Household Income $30,462 ±$2,273
Median Rent $608 ±$65
Percentage Of Renters Overburdened 47.48% ± 7.92pp

Population and Household Demographics

Paris is a City in Henry County, Tennessee with a population of 10,166. There are 4,237 households in the city with an average household size of 2.29 persons. 43.95% of households in Paris are renters.

Income and Rent Overburden in Paris

The median gross income for households in Paris is $30,462 a year, or $2,539 a month. The median rent for the city is $608 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Paris, a household making less than $2,027 a month would be considered overburdened when renting an apartment at or above the median rent. 47.48% of households who rent are overburdened in Paris.1

Area Median Income In Paris

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Paris, the AMI is calculated from all households within Henry County.

In Paris, HUD calculates the Area Median Income for a family of four as $50,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Paris

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Paris HUD Rental Assistance in Paris

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Low Income Housing Tax Credits in Paris

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 2006, 3 low income apartment communities containing 200 rental apartments have been constructed and made affordable to low income persons in Paris by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Paris

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Paris is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Paris

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$457 $484 $619 $849 $939