Parkwood Villa features unique 1, 2 and 3 bedroom apartment homes that underwent a multi-million dollar renovation. Our community has income guidelines based upon the size of your household and gross annual income (see below). Our amenities include: modern kitchen appliances, central heat/air and washer/dryer connections. There is also a sports court, BBQ/picnic area, playground and walking track. We are conveniently located in Nashville near Interstate I-24 and Briley Parkway, so you are just minutes from: downtown, the Nashville
Zoo, many dining venues and numerous colleges.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 742 | $764 |
2 Bedroom (2/1) | 943 | $913 |
3 Bedroom (3/2) | 1142 | $1,048 |
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 Nashville but actual income limits may differ for units at Parkwood Villa Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $34,950 | $39,950 | $44,950 | $49,900 | $53,900 | $57,900 |
Low Income (60%) | $41,940 | $47,940 | $53,940 | $59,880 | $64,680 | $69,480 |
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.