River View Tower Apartments is managed by Tesco Properties.
The senior-friendly studio and 1-bedroom apartment homes of Riverview Tower are exactly what you have been looking for! Residents enjoy many amenities such as on-site maintenance, air conditioning, an electronic thermostat, and hardwood floors. Utilities are even included in the monthly rent! An active, pet-friendly community, residents also take advantage of the activity room and business center, as well as the courtyard areas for outdoor get-togethers. Riverview Towers is conveniently located nearby local dining, shopping, and entertainment.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | 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 Chattanooga but actual income limits may differ for units at River View Tower Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $27,900 | $31,850 | $35,850 | $39,800 | $43,000 | $46,200 | $49,400 | $52,550 |
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 River View Tower Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $27,900 | $31,850 | $35,850 | $39,800 | $43,000 | $46,200 | $49,400 | $52,550 |
Low Income (60%) | $33,480 | $38,220 | $43,020 | $47,760 | $51,600 | $55,440 | $59,280 | $63,060 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.