Spring Forest Apartments

223 Kellar Ave, Ripley, Tennessee 38063

Spring Forest Apartments , located at 223 Kellar Ave in Ripley, has one and two bedroom apartments. Spring Forest Apartments participates in the Section 515 Rural Rental Housing and Section 521 USDA Rental Assistance programs.

Contact Spring Forest Apartments

Message Spring Forest Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price

Spring Forest Apartments Details

  • 48 one and two bedroom units.
  • Senior (62+)

Property Amenities

  • Community Room
  • On-Site Manager
  • Laundry Room
  • On-Site Parking
  • On-Site Maintenance

Unit Amenities

  • Refrigerator
  • Oven and Range
  • Central Heat & Air

Office Hours

Day Hours
Monday 8:00am-4:30pm
Tuesday 8:00am-4:30pm
Wednesday 8:00am-4:30pm
Thursday 8:00am-4:30pm
Friday 8:00am-4:30pm

About Spring Forest Apartments

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.

Section 515 Rural Rental Housing

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.

Section 521 USDA Rental Assistance

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.

Ripley 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 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%) $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
Low Income (60%) $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

Spring Forest Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

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.

Spring Forest Apartments is managed by MACO Management Company.

Image of Spring Forest Apartments