Riverwood Tower Apartments

621 North Dupont Avenue, Nashville, Tennessee 37115

Contact Riverwood Tower Apartments

Riverwood Tower Apartments is an affordable community where your rent is based upon your income. The 1-bedroom apartment homes are designed to provide the privacy, convenience, and comfort of your own home while giving you the opportunity to enjoy the company of other residents. Riverwood Tower is conveniently located in the heart of Madison, TN, on the bus line, and close to shopping, restaurants, and churches. All utilities are paid except telephone and cable. Sprinklers are provided for each room of the apartment as well as call-for-aid pull cords with 24 hour monitoring. New smoke alarm system with 24 hour monitoring as well. Grab bars in each bathroom shower for your safety and convenience. This community offers a Service Coordinator on-site 5 days a week, courtesy attendants, laundry facility, beauty shop, media room and computer lab. Newly remodeled and spacious Community Room is perfect for the many holiday events and monthly activities. All this is nestled within a new perimeter fence that surrounds the entire property.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	575	Income Based

Eligibility for Riverwood Tower 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 Nashville but actual income limits may differ for units at Riverwood Tower Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$21,000	$24,000	$27,000	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$34,950	$39,950	$44,950	$49,900	$53,900	$57,900	$61,900	$65,900
80%	$55,900	$63,900	$71,900	$79,850	$86,250	$92,650	$99,050	$105,450

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 Riverwood Tower Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$34,950	$39,950	$44,950	$49,900	$53,900	$57,900	$61,900	$65,900

Riverwood Tower Apartments Details

118 one bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Section 221 (d) (3)
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

Elevator
BBQ and Picnic Area
Computer Lab
Community Room
Business Center
Library
On-Site Manager
Organized Activities
24hr Emergency Maintenance
Off-Street Parking
Resident Service Coordinator
Community Media Center
On-Site Maintenance
Laundry Facility
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Garbage Disposal
Microwave
Cable Ready
Refrigerator
Blinds
Stove
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	7:00am-4:00pm
Tuesday	7:00am-4:00pm
Wednesday	7:00am-4:00pm
Thursday	7:00am-4:00pm
Friday	7:00am-4:00pm

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 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.