Knollcrest Manor Apartments
601 Knollcrest Drive, Sparta, Tennessee 38583
Contact Knollcrest Manor Apartments
Knollcrest Manor Apartments is managed by Alco Management Inc..
Knollcrest Manor is an apartment community, located in Sparta, TN and is managed by ALCO Management, Inc. Knollcrest Manor Apartments offers 1 to 3 bedroom apartments ranging in size from 578 to 962 sq.ft. For more information, please contact their management office.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 578 | Income Based |
| Two Bedroom (2/1) | 777 | Income Based |
| Three Bedroom (3/1) | 962 | Income Based |
Eligibility for Knollcrest Manor 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 Sparta but actual income limits may differ for units at Knollcrest Manor 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 Sparta but actual income limits may differ for units at Knollcrest Manor 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 |
Knollcrest Manor Apartments Details
- 50 one, two and three bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
- Section 223
- Section 221 (d) (3)
- Section 236
Property Amenities
- Playground
- Laundry Facilities
Unit Amenities
- Air Conditioning
- Cable Ready
- Window Coverings
- Refrigerator
Office Hours
| Day | Hours |
|---|---|
| Monday | 9:00am-2:00pm |
| Tuesday | 9:00am-2:00pm |
| Wednesday | 9:00am-2:00pm |
| Thursday | 9:00am-2:00pm |
| Friday | 9:00am-2:00pm |
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.
Section 236
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.
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