Cleveland Summit

44 Inman St, Cleveland, Tennessee 37311

Contact Cleveland Summit

Apartments for Seniors 62 and Over and Disabled and Handicapped Regardless of Age

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	252	Income Based
1 Bedroom (1/1)	396	Income Based

Eligibility for Cleveland Summit

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 Cleveland but actual income limits may differ for units at Cleveland Summit.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,580	$19,720	$24,860	$30,000	$35,140	$40,100	$42,850	$45,650
50%	$24,200	$27,650	$31,100	$34,550	$37,350	$40,100	$42,850	$45,650
80%	$38,750	$44,250	$49,800	$55,300	$59,750	$64,150	$68,600	$73,000

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 Cleveland but actual income limits may differ for units at Cleveland Summit.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$24,200	$27,650	$31,100	$34,550	$37,350	$40,100	$42,850	$45,650
Low Income (60%)	$29,040	$33,180	$37,320	$41,460	$44,820	$48,120	$51,420	$54,780

Cleveland Summit Details

78 studio and one bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Controlled Access
On-Site Manager
Resident Service Coordinator
On-Site Maintenance
Laundry Facility

Unit Amenities

Handicapped Accessible
Microwave
Utilities Included
Refrigerator

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.

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.