The Residences at Fivepoints

2061 Bethel Ave., Knoxville, Tennessee 37915

Contact The Residences at Fivepoints

The Residences at Five Points opened in 2017 as the first phase of revitalization of the Five Points community. The beautiful, three-floor building offers 90 units and a communal room for some social activities, plus lunch service to those who qualify. This community offers 1- and 2-bedroom units.

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

Eligibility for The Residences at Fivepoints

The Residences at Fivepoints Details

90 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)

Property Amenities

Elevator
Community Room
Laundry Room
24hr Emergency Maintenance
Gazebo
On-Site Parking

Unit Amenities

Dishwasher
Refrigerator
Stove
Individual heating and cooling systems

Office Hours

Day	Hours
Monday	8:00am-12:00pm
Wednesday	8:00am-12:00pm
Friday	7:30am-12:00pm

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.

Rental Assistance Demonstration (RAD)

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.