Creekwood Apartments

612 4th St, Lake City, Tennessee 37769

Contact Creekwood Apartments

Newly Renovated Apartment Homes

Seniors 62 and Over and Disabled and Handicapped Regardless of Age

Rent Based on Income (Ask for Details)

One Bedroom/One Bathroom Units (650 SF) and 2 Bedroom/One Bathroom Units (800 SF)

Fully Equipped Kitchens with Stoves and Refrigerators. Central HVAC.

On Site Laundry Facility

Community Room with Planned Activities and On Site Service Coordinator

On Site Management and Maintenance

24 Hour Emergency Maintenance

Pricing:
1 Bedroom - From $497/Month and 650 SF

2 Bedroom - From $589/Month and 804 SF

Unit (Bd/Ba)	Ft²	Rent
One Bed One Bath (1/1)	650	Call for Price
Two Bedroom One Bath (2/1)	800	Call for Price

Eligibility for Creekwood Apartments

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 Lake City but actual income limits may differ for units at Creekwood Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$30,250	$34,600	$38,900	$43,200
Low Income (60%)	$36,300	$41,520	$46,680	$51,840

Creekwood Apartments Details

44 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 538 Guaranteed Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Community Room
On-Site Manager
Resident Service Coordinator
On-Site Maintenance
Laundry Facility
New and Renovated Apartment Homes

Unit Amenities

Handicapped Accessible
Refrigerator
Stove
Fully Equipped Kitchen

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.