Timber Ridge Coop I

201 Timber Knoll Dr, Chattanooga, Tennessee 37421

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Eligibility for Timber Ridge Coop I

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 Timber Ridge Coop I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$16,750	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$27,900	$31,850	$35,850	$39,800	$43,000	$46,200	$49,400	$52,550
80%	$44,600	$51,000	$57,350	$63,700	$68,800	$73,900	$79,000	$84,100

Timber Ridge Coop I Details

60 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)
Section 236

Section 8 Project-Based Rental Assistance (PBRA)

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.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.