Welcome to Ryman Lofts, Nashville's first affordable apartment residence with a preference for people pursuing a career in the arts. Ryman Lofts is located just south of Downtown Nashville on beautiful Rolling Mill Hill, an historic site now being redeveloped into Nashville's newest urban neighborhood. In addition to turn of the century structures converted to residential living, Rolling Mill Hill is also home to modern, affordable buildings utilizing the latest designs and emphasizing sustainability and convenience. Ryman Lofts is a 60-unit building featuring Studio $618, 1-bedroom $658, and 3-bedroom $905 units with breathtaking views of Downtown Nashville and the Cumberland River.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
studio (Studio/1) | - | $618 |
1 Bedroom (1/1) | - | $658 |
3 Bedroom (3/1) | - | $905 |
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 Ryman Lofts 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.