Island Grove

150 Willow Creek Drive, Madisonville, Tennessee 37354

Contact Island Grove

Message Island Grove

Island Grove is managed by Royal American Management.

Welcome to Island Grove, a residential community featuring 2- and 3-bedroom apartments in Madisonville, Tennessee. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within close proximity to shopping, dining, and entertainment options.

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/2) 1200 Call for Price
Three Bedroom (3/2) 1400 Call for Price

Eligibility for Island Grove

Island Grove Details

  • 48 two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 538 Guaranteed Rural Rental Housing

Property Amenities

  • Clubhouse
  • On-Site Manager
  • Laundry Room
  • Gazebo
  • Grilling Area
  • On-Site Maintenance
  • Computer Room
  • Picnic Area

Unit Amenities

  • Ceiling Fan(s)
  • Washer and Dryer Hookup
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Mini Blinds & Curtain Rods

Office Hours

Day Hours
Monday 8:30am-5:30pm
Tuesday 8:30am-5:30pm
Wednesday 8:30am-5:30pm
Thursday 8:30am-5:30pm
Friday 8:30am-5:30pm
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 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.

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