Low Income Apartments In Wilson County
Tennessee
Low Income Apartments In Wilson County
Clearview Residential Apartments
There are 28 low income housing apartment complexes which contain 1,733 affordable apartments for rent in Wilson County, Tennessee. Many of these rental apartments are income based housing with about 518 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 80 Project-Based Section 8 subsidized apartments in Wilson County. There are 1,215 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve Wilson County
| Housing Authority | Programs |
|---|---|
| Tennessee Housing Development Agency Central Office | Section 8 Housing Choice Voucher (HCV) |
| Tennessee Housing Development Agency Middle Tennessee Office | Section 8 Housing Choice Voucher (HCV) |
Other Housing Authorities located in Wilson County
| Housing Authority | Programs |
|---|---|
| Lebanon Housing Authority | Public Housing |
Guide To Affordable Housing in Wilson County, Tennessee
Wilson County, TN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 28 |
|---|---|
| Total Low Income Apartments | 1,733 |
| Total Rent Assisted Apartments | 518 |
| Percentage of Housing Units Occupied By Renters | 22.2% |
| Average Renter Household Size | 2.55 |
| Total Population | 122,445 |
| Housing Units | 44,528 |
| Average Household Size | 2.72 |
| Median Household Income | $61,070 ±$1,757 |
| Median Rent | $871 ±$29 |
| Percentage Of Renters Overburdened | 46.42% ± 4.16pp |
Population and Household Demographics
Wilson County is a County in Tennessee with a population of 122,445. There are 44,528 households in the county with an average household size of 2.72 persons. 22.2% of households in Wilson County are renters.
Income and Rent Overburden in Wilson County
The median gross income for households in Wilson County is $61,070 a year, or $5,089 a month. The median rent for the county is $871 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wilson County, a household making less than $2,903 a month would be considered overburdened when renting an apartment at or above the median rent. 46.42% of households who rent are overburdened in Wilson County.1
Area Median Income In Wilson 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 Wilson County, HUD calculates the Area Median Income for a family of four as $80,000
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 Wilson 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 Wilson County HUD Rental Assistance in Wilson County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $16,800 | $19,200 | $21,600 | $25,750 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $28,000 | $32,000 | $36,000 | $40,000 | $43,200 | $46,400 | $49,600 | $52,800 |
| 80% of Median | $44,800 | $51,200 | $57,600 | $64,000 | $69,150 | $74,250 | $79,400 | $84,500 |
Low Income Housing Tax Credits in Wilson County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1987 to 2005, 18 low income apartment communities containing 1,015 rental apartments have been constructed and made affordable to low income persons in Wilson 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 Wilson County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 60% of Median | $33,600 | $38,400 | $43,200 | $48,000 | $51,840 | $55,680 | $59,520 | $63,360 |
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 Wilson County is $43,200 a year, or $3,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,600 by 30% to get a maximum rent of $1,080 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% | $700 | $750 | $900 | $1,040 | $1,160 | $1,280 |
| 60% | $840 | $900 | $1,080 | $1,248 | $1,392 | $1,536 |
Fair Market Rents in Wilson 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.
2019 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $830 | $911 | $1,103 | $1,455 | $1,738 |
Cities In Wilson County
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