Spring Forest Apartments are 1 and 2 bedroom senior units in Ripley Tennessee. The amenities and features include: Central Heat/Air, Community Room/Club House, Fire Stops, Laundry Room, On-Site Maintenance, On-Site Manager, Parking, Range/Hood, Refrigerator, Single Story, and Smoke Alarms.
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/1)||-||Call for Price|
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
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 Ripley but actual income limits may differ for units at Spring Forest Apartments .
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$19,750||$22,600||$25,400||$28,200||$30,500||$32,750||$35,000||$37,250|
|Low Income (60%)||$23,700||$27,120||$30,480||$33,840||$36,600||$39,300||$42,000||$44,700|
Spring Forest Apartments is managed by MACO Management Company.