Affordable Housing In Unicoi County

4 Low Income Apartment Communities In Unicoi County

Whispering Meadows

1821 Zane Whitson Dr
Erwin, TN
HCV Welcome

Meadowood Park

1126 E Erwin Rd
Erwin, TN
Elderly Supportive Housing

Erwin Ha

750 Carolina Ave
Erwin, TN

Four Seasons Apartments CO George Morosani

200 Four Seasons Cir
Erwin, TN
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Housing Authorities that serve Unicoi County

Housing Authority Programs
Kingsport Housing And Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Unicoi County

Housing Authority Programs
Erwin Housing Authority Public Housing

Guide To Affordable Housing in Unicoi County, Tennessee

According to federal housing data and research, there are 4 low income housing apartment communities offering 225 affordable apartments for rent in Unicoi County, Tennessee. Unicoi County features 161 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 64 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Unicoi County.

Unicoi County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 225
Total Housing Units with Rental Assistance 161
Percentage of Housing Units Occupied By Renters 25.67%
Average Renter Household Size 2.46
Average Household Size 2.36
Median Household Income $33,210 ±$3,559
Median Rent $602 ±$43
Percentage Of Renters Overburdened 47.4% ± 8.03pp
Total Population 18,069

Population and Household Demographics

Unicoi County is a County in Tennessee with a population of 18,069. There are 7,428 households in the county with an average household size of 2.36 persons. 25.67% of households in Unicoi County are renters.

Income and Rent Overburden in Unicoi County

The median gross income for households in Unicoi County is $33,210 a year, or $2,768 a month. The median rent for the county is $602 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Unicoi County, a household making less than $2,007 a month would be considered overburdened when renting an apartment at or above the median rent. 47.4% of households who rent are overburdened in Unicoi County.1

Area Median Income In Unicoi County

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.

In Unicoi County, HUD calculates the Area Median Income for a family of four as $53,900

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 Unicoi County

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 Unicoi County HUD Rental Assistance in Unicoi County

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 $29,150 $31,300 $33,450 $35,600
50% of Median $18,900 $21,600 $24,300 $26,950 $29,150 $31,300 $33,450 $35,600
80% of Median $30,200 $34,500 $38,800 $43,100 $46,550 $50,000 $53,450 $56,900
Low Income Housing Tax Credits in Unicoi County

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

From 2004 to 2004, 1 low income apartment communities containing 64 rental apartments have been constructed and made affordable to low income persons in Unicoi County 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 Unicoi County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,900 $21,600 $24,300 $26,950 $29,150 $31,300 $33,450 $35,600
60% of Median $22,680 $25,920 $29,160 $32,340 $34,980 $37,560 $40,140 $42,720

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 Unicoi County is $29,160 a year, or $2,430 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,430 by 30% to get a maximum rent of $729 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% $473 $506 $608 $701 $783 $863
60% $567 $608 $729 $842 $939 $1,036
Fair Market Rents in Unicoi County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$558 $564 $692 $874 $1,020

Cities In Unicoi County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Erwin 4 The HUD funded Public Housing Agencies that serve Erwin are the Erwin Housing Authority and Kingsport Housing And Redevelopment Authority.
Banner Hill 0 The HUD funded Public Housing Agency that serves Banner Hill is the Kingsport Housing And Redevelopment Authority.
Unicoi 0 The HUD funded Public Housing Agency that serves Unicoi is the Kingsport Housing And Redevelopment Authority.