Five Points Infill Housing is managed by Knoxville Community Development Corporation.
Within the Five Points neighborhood, The Residences at Eastport was designed around the historic Eastport School. Completed in 2011, five one-floor buildings make up this 85-unit complex. It is KCDC’s first housing property to be LEED-certified by the U.S. Green Building Council (USGBC).
Gated for security, seniors enjoy courtyards, benches and sitting areas for exercise and socializing. The Residences at Eastport shares access to The Residences at Five Points communal room, which offers some activities and serves lunch to those who qualify.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | - | Call for Price |
Day | Hours |
---|---|
Monday | 7:30am-4:00pm |
Tuesday | 7:30am-4:00pm |
Wednesday | 7:30am-4:00pm |
Thursday | 7:30am-4:00pm |
Friday | 7:30am-4:00pm |
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.
Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.