Golden Age Retirement Village

1109 Beaman Lake Road, Knoxville, Tennessee 37914

Beautiful affordable housing senior community for 62 years or older or disabled. Located near shopping and dining. Bus Stop at property. Newly remodeled units with brand new cabinets and appliances. On site laundry facility, community room, and management office. Many activities throughout the month.

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

Eligibility for Golden Age Retirement 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 Knoxville but actual income limits may differ for units at Golden Age Retirement Village.

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 Golden Age Retirement Village.

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

Golden Age Retirement Village Details

101 one and two bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

BBQ and Picnic Area
Community Room
Organized Activities
Laundry Room
24hr Emergency Maintenance
Emergency Pull Cord

Unit Amenities

Air Conditioning
Handicapped Accessible
Cable Ready
Spacious Closets
Window Coverings
Carpet

Nearby Amenities

Close to Dining
Close to Public Transportation
Close to Shopping
Near Park

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.