Magnolia Gardens Apartments

779 Martin Luther King Blvd, Chattanooga, Tennessee 37403

Contact Magnolia Gardens Apartments

Magnolia Gardens Apartments offer 2 and 3 bedroom apartments. This community is convenietly located near downtown and UT Chattanooga Campus.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	946	Call for Price
2 Bedroom (2/2)	999	Call for Price
3 Bedroom (3/2)	1106	Call for Price

Eligibility for Magnolia Gardens Apartments

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 Chattanooga but actual income limits may differ for units at Magnolia Gardens Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$27,900	$31,850	$35,850	$39,800	$43,000	$46,200
Low Income (60%)	$33,480	$38,220	$43,020	$47,760	$51,600	$55,440

Magnolia Gardens Apartments Details

20 two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
24hr Emergency Maintenance

Unit Amenities

Dishwasher
Garbage Disposal
Washer and Dryer Hookup
Water Trash and Sewer Included
Fully Equipped Kitchen

Low-Income Housing Tax Credit (LIHTC)

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.