Walnut Village Apartments

201 S Walnut Ave, Cookeville, Tennessee 38501

Contact Walnut Village Apartments

Walnut Village, representing 80 apartments, is located in Cookeville. These 1- and 2-bedroom units are designated for the elderly and disabled. They are located across from the Cookeville Senior Citizens Center and conveniently located to groceries, banks, post office and health care providers.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price

Eligibility for Walnut Village Apartments

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 Walnut Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$14,750	$19,720	$24,860	$30,000
50%	$24,600	$28,100	$31,600	$35,100
80%	$39,350	$44,950	$50,550	$56,150

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

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$24,600	$28,100	$31,600	$35,100

Walnut Village Apartments Details

80 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

On-Site Parking
Smoke Free
Accessible Apartments
Laundry Facility

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.

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.