AffordableHousingOnline

Forest Cove

2121 New Era Rd., Sevierville, Tennessee 37862

Forest Cove is a newly built affordable apartment community offering one bedroom units.

Units

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

Forest Cove Details

  • 96 one bedroom units.
  • Water and Sewer utilities included in rent
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 538 Guaranteed Rural Rental Housing

Unit Amenities

  • Air Conditioning
  • Water Included
  • Fully Equipped Kitchen
  • Washer and Dryer Included

Office Hours

Day Hours
Monday 8:30am-5:00pm
Tuesday 8:30am-5:00pm
Wednesday 8:30am-5:00pm
Thursday 8:30am-5:00pm
Friday 8:30am-5:00pm

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.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.