Broadway Towers

1508 McCroskey Ave, Knoxville, Tennessee 37917

Broadway Towers is an affordable apartment community for residents 62 and older offering 1- and 2-bedroom units. This community has a community room, on-site laundry rooms, a library, and a computer room. This community is also pet friendly.

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

Eligibility for Broadway Towers

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 Knoxville but actual income limits may differ for units at Broadway Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$18,150	$20,750	$24,860	$30,000
50%	$30,250	$34,600	$38,900	$43,200
80%	$48,400	$55,300	$62,200	$69,100

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 Knoxville but actual income limits may differ for units at Broadway Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$30,250	$34,600	$38,900	$43,200

Broadway Towers Details

215 one and two bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Community Room
Library
Laundry Room
Gazebo
Landscaping
Computer Room
Smoke Free

Unit Amenities

Handicapped Accessible
Storage
Refrigerator
Water Trash and Sewer Included
Kitchen Pantry
Stove
Individual heating and cooling systems
Electric Included

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.

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.