Affordable Housing In Shelbyville
Bedford County, Tennessee

14 Low Income Apartment Communities In Shelbyville

Canterway Apartments

1898 Madison St
Shelbyville, TN
HCV Welcome

Lamplighter Estates

1900 Madison St
Shelbyville, TN
HCV Welcome

Tony Rice Trans Living

1601 E Depot St
Shelbyville, TN
Accessible
Disabled Supportive Housing
Subsidized

Bedford Manor Apartments

400 Barksdale Ln
Shelbyville, TN
Subsidized

Eastside Multifamily and Elderly Housing

201 Lentz St
Shelbyville, TN
HCV Welcome

Dr Tom Richards Center

201D Buffalo Valley Dr
Shelbyville, TN
Accessible
Disabled Supportive Housing
Subsidized

Clyde Rooker Senior Village

209D Buffalo Valley Dr
Shelbyville, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

The Ridge at Shelbyville

260 Anthony Ln
Shelbyville, TN
HCV Welcome

Paddock Ridge

125 Sunlite Rd
Shelbyville, TN
HCV Welcome

Parkway Apartments

408 Lane Pkwy
Shelbyville, TN

There are 14 low income housing apartment complexes which contain 924 affordable apartments for rent in Shelbyville. Many of these rental apartments are income based housing with 562 apartments that set rent based on your income. In Shelbyville, HUD housing programs support 109 rental assistance apartments through programs like Project-based Section 8. There are 362 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Shelbyville

Housing Authority Programs
Shelbyville Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Shelbyville, Tennessee

Shelbyville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 924
Total Rent Assisted Apartments 562
Percentage of Housing Units Occupied By Renters 51.35%
Average Renter Household Size 2.74
Total Population 20,779
Housing Units 7,582
Average Household Size 2.68
Median Household Income $30,744 ±$3,319
Median Rent $681 ±$39
Percentage Of Renters Overburdened 48.03% ± 7.15pp

Population and Household Demographics

Shelbyville is a City in Bedford County, Tennessee with a population of 20,779. There are 7,582 households in the city with an average household size of 2.68 persons. 51.35% of households in Shelbyville are renters.

Income and Rent Overburden in Shelbyville

The median gross income for households in Shelbyville is $30,744 a year, or $2,562 a month. The median rent for the city is $681 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shelbyville, a household making less than $2,270 a month would be considered overburdened when renting an apartment at or above the median rent. 48.03% of households who rent are overburdened in Shelbyville.1

Area Median Income In Shelbyville

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Shelbyville, the AMI is calculated from all households within Bedford County.

In Shelbyville, HUD calculates the Area Median Income for a family of four as $53,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Shelbyville

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Shelbyville HUD Rental Assistance in Shelbyville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,800 $30,950 $33,050 $35,200
50% of Median $18,700 $21,350 $24,000 $26,650 $28,800 $30,950 $33,050 $35,200
80% of Median $29,900 $34,150 $38,400 $42,650 $46,100 $49,500 $52,900 $56,300
Low Income Housing Tax Credits in Shelbyville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2011, 5 low income apartment communities containing 386 rental apartments have been constructed and made affordable to low income persons in Shelbyville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Shelbyville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,700 $21,350 $24,000 $26,650 $28,800 $30,950 $33,050 $35,200
60% of Median $22,440 $25,620 $28,800 $31,980 $34,560 $37,140 $39,660 $42,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Shelbyville is $28,800 a year, or $2,400 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,400 by 30% to get a maximum rent of $720 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $468 $501 $600 $693 $774 $853
60% $561 $601 $720 $832 $929 $1,024
Fair Market Rents in Shelbyville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$554 $558 $714 $937 $1,161