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Springplace Apartments

304 Locust St, Lenoir City, Tennessee 37771

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Call (865) 986-6651

Springplace Apartments is managed by LHP Capital.

Springplace Apartments are an affordable community offering 1-bedroom units for elderly residents. Each unit has a kitchen, air conditioning, and is cable ready.

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

Eligibility for Springplace Apartments

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 Lenoir City but actual income limits may differ for units at Springplace Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,150 $20,750 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% $30,250 $34,600 $38,900 $43,200 $46,700 $50,150 $53,600 $57,050
80% $48,400 $55,300 $62,200 $69,100 $74,650 $80,200 $85,700 $91,250

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 Lenoir City but actual income limits may differ for units at Springplace Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,250 $34,600 $38,900 $43,200 $46,700 $50,150 $53,600 $57,050

Springplace Apartments Details

  • 72 one bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 221 (d) (3)
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • On-Site Parking

Unit Amenities

  • Air Conditioning
  • Cable Ready
Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

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Image of Springplace Apartments