Parsons Cove Apartments

31 Gunn Gardens Place, Parsons, Tennessee 38363

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Parsons Cove Apartments Details

  • 50 units.
  • Project-Based Rental Assistance

Nearby Amenities

  • Near Shopping

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm

About Parsons Cove Apartments

Affordable independent living for seniors 55 and up. Quiet, relaxing atmosphere. Apartments have indoor access, a laundry facility, and a community room for events. Many programs available through Home Health Providers and on site Service Coordinator. Local Grocery and Pharmacies will deliver to your door.

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.

Parsons 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 Parsons but actual income limits may differ for units at Parsons Cove Apartments.

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

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

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Parsons Cove Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Parsons Cove Apartments is managed by Alco Management Inc..

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