Decatur Downs is managed by TM Associates Management, Inc.
Decatur Downs is a newly renovated community that offers a playground, community room, laundry in each building, and more. The 1- and 2-bedroom apartments include energy efficient appliances and wood floors. This community is conveniently located 2 minutes from Village Market, Hard Times, Final Gravity Brewing Company, and Decatur Middle School and High School, 5 minutes from Woolfe Park, and 30 minutes from Target.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 529 | Call for Price |
Two Bedroom (2/1) | 617 | Call for Price |
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 Decatur but actual income limits may differ for units at Decatur Downs.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $16,800 | $19,720 | $24,860 | $30,000 |
50% | $27,950 | $31,950 | $35,950 | $39,900 |
80% | $44,700 | $51,100 | $57,500 | $63,850 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Decatur but actual income limits may differ for units at Decatur Downs.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $27,950 | $31,950 | $35,950 | $39,900 |
Low Income (60%) | $33,540 | $38,340 | $43,140 | $47,880 |
Day | Hours |
---|---|
Monday | 8:00am-4:30pm |
Tuesday | 8:00am-4:30pm |
Wednesday | 8:00am-4:30pm |
Thursday | 8:00am-4:30pm |
Friday | 8:00am-4:30pm |
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.
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.