Waverly Residential Services

200 Airport Rd, Waverly, Tennessee 37185

Waverly Residential Services Details

  • 9 units.
  • Project-Based Rental Assistance
  • Senior (62+)
  • Accessible Units
  • Supportive Housing for the Elderly

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Waverly 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 Waverly but actual income limits may differ for units at Waverly Residential Services.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,490 $16,910 $21,330 $25,750 $30,170 $32,500 $34,750 $37,000
50% $19,600 $22,400 $25,200 $28,000 $30,250 $32,500 $34,750 $37,000
80% $31,400 $35,850 $40,350 $44,800 $48,400 $52,000 $55,600 $59,150

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

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Waverly Residential Services receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Nearby Low Income Apartment Communities

Whispering Oaks Apartments

64 Ridge Rd
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Creekview Manor Apartments

204 Clydeton Rd
Waverly, TN
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Carroll Street Residential

215 Carroll Ave
Waverly, TN
Accessible
Disabled Supportive Housing
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