Charter Village Apartments

333 Rio Vista Dr, Madisonville, Tennessee 37115

Contact Charter Village Apartments

Charter Village Apartments is an affordable community. They offer 1, 2, and 3 bedroom floor plans. Contact the property for current availability. Rent is based on income. Waitlist placement and income limit restrictions may apply. Amenities and features: appliances included, basketball court, community room, courtesy officer, laundry facility, playground, and more! Applicants should bring the following documentation: original birth certificate(s), original social security card(s), current government issued photo I.D.(s) for anyone 18 years of age or older, proof of income/pay stubs. Equal Housing Opportunity.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	643	Income Based
Two Bedroom (2/1)	823	Income Based
Three Bedroom (3/1)	976	Income Based

Eligibility for Charter Village 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 Madisonville but actual income limits may differ for units at Charter Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$14,580	$19,720	$24,860	$30,000	$35,140	$38,750
50%	$23,400	$26,750	$30,100	$33,400	$36,100	$38,750
80%	$37,400	$42,750	$48,100	$53,400	$57,700	$61,950

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 Madisonville but actual income limits may differ for units at Charter Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$23,400	$26,750	$30,100	$33,400	$36,100	$38,750
Low Income (60%)	$28,080	$32,100	$36,120	$40,080	$43,320	$46,500

Charter Village Apartments Details

250 one, two and three bedroom units.
Garden
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Basketball Court
Community Room
Laundry Room
Computer Room

Unit Amenities

Air Conditioning
Dishwasher
Mini Blinds & Curtain Rods
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	8:00am-5:00pm
Tuesday	8:00am-5:00pm
Wednesday	8:00am-5:00pm
Thursday	8:00am-5:00pm
Friday	8:00am-5:00pm

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.