Mountain Hollow is managed by Olympia Management INC.
Live life to the fullest at Mountain Hollow Apartments in Elizabethton, Tennessee! Mountain Hollow Apartments is an income restricted property that features spacious, well-appointed 1-, 2- and 3-bedroom layouts, each offering central heat/air, hookups for washer/dryer and cable television, a fully equipped kitchen with pantry, blinds on the windows, and plenty of extra storage inside and out.
Residents also enjoy the convenience of a clubhouse/community room with laundry facilities, as well as an outdoor picnic area on the grounds. We are convenient to lots of shopping and dining options, and garbage removal is included in the rent.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/2) | - | Call for Price |
Three Bedroom (3/2) | - | 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 Elizabethton but actual income limits may differ for units at Mountain Hollow.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $15,000 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 |
50% | $25,000 | $28,550 | $32,100 | $35,650 | $38,550 | $41,400 |
80% | $39,950 | $45,650 | $51,350 | $57,050 | $61,650 | $66,200 |
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 Elizabethton but actual income limits may differ for units at Mountain Hollow.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $25,000 | $28,550 | $32,100 | $35,650 | $38,550 | $41,400 |
Low Income (60%) | $30,000 | $34,260 | $38,520 | $42,780 | $46,260 | $49,680 |
Day | Hours |
---|---|
Monday | 9:00am-3:00pm |
Wednesday | 9:00am-3:00pm |
Thursday | 9:00am-3:00pm |
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 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.