Rockwood Village

601 South Chamberlain Ave, Rockwood, Tennessee 37854

Rockwood Village, located at 601 South Chamberlain Ave in Rockwood, has one bedroom apartments. Rockwood Village participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Rockwood Village

Message Rockwood Village

Units

Unit (Bd/Ba) Ft2 Rent
Typical Floor Plan (1/1) - Income Based

Rockwood Village Details

  • 126 one bedroom units.
  • Project-Based Rental Assistance
  • Senior (62+)

Property Amenities

  • Elevator
  • Community Room
  • 24hr Emergency Maintenance
  • On-Site Management
  • Emergency Pull Cord
  • Laundry Room(s)

Unit Amenities

  • Carpet
  • Blinds
  • Fully Equipped Kitchen
  • Mini Blinds & Curtain Rods

About Rockwood Village

Rockwood Village offers you all you would expect in apartment living and more. A place to call home for anyone 62 and older or those under the age of 62 who require the features included in an accessible apartment. Your rent is based on your income and occupancy is subject to HUD rules and regulations, including the HUD annual income limits.

Rockwood Village Apartments is a three-story community located in the foothills of the Smoky Mountains in Rockwood, Tennessee. The one-bedroom apartment homes on the second and third floors are elevator-accessible. All apartments include range and refrigerator as well as central air and heat. We offer a spacious floor plan with wall to wall carpeting. Rockwood has two large laundry rooms on site for the convenience of our residents. There is a large community room with fireplace. Regular transportation is available for the needs of our residents. Our goal at Rockwood Village is that each resident will feel right at home and enjoy the peaceful, relaxing atmosphere. Utility assistance is also included.

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Rockwood 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 Rockwood but actual income limits may differ for units at Rockwood Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,600 $16,910 $21,330 $25,750 $30,170 $34,590 $37,200 $39,600
50% $21,000 $24,000 $27,000 $30,000 $32,400 $34,800 $37,200 $39,600
80% $33,600 $38,400 $43,200 $48,000 $51,850 $55,700 $59,550 $63,400

Rockwood 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 Rockwood but actual income limits may differ for units at Rockwood Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,000 $24,000 $27,000 $30,000 $32,400 $34,800 $37,200 $39,600
Low Income (60%) $25,200 $28,800 $32,400 $36,000 $38,880 $41,760 $44,640 $47,520

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

Rockwood Village was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Rockwood Village has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Rockwood Village is managed by Benchmark Management Corporation.

Image of Rockwood Village
Image of Rockwood Village
Image of Rockwood Village
Image of Rockwood Village
Image of Rockwood Village
Image of Rockwood Village
Image of Rockwood Village
Image of Rockwood Village