Algood Village

100 Church Ct, Cookeville, Tennessee 38506

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Eligibility for Algood Village

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 Cookeville but actual income limits may differ for units at Algood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,750	$19,720	$24,860	$30,000	$35,140	$40,280	$43,550	$46,350
50%	$24,600	$28,100	$31,600	$35,100	$37,950	$40,750	$43,550	$46,350
80%	$39,350	$44,950	$50,550	$56,150	$60,650	$65,150	$69,650	$74,150

Algood Village Details

16 bedroom units.
Section 202 Supportive Housing for the Elderly
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Section 515 Rural Rental Housing

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.

Section 521 USDA Rental Assistance

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.