| AMI* | 1 person | 2 person | 3 person | 4 person |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,150 / year | $20,750 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $30,250 / year | $34,600 / year | $38,900 / year | $43,200 / year |
| 50% AMI for PBRA Units | $30,250 / year | $34,600 / year | $38,900 / year | $43,200 / year |
| 80% AMI for PBRA Units | $48,400 / year | $55,300 / year | $62,200 / year | $69,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
The Verandas were constructed in 2005 in South Knoxville. Located off Chapman Highway, a main thoroughfare with access to grocery stores and other services, this property is an ideal location for active seniors. The property consists of a three-story apartment building with 42 one- and two-bedroom units. All units are handicap-accessible and feature private balcony or patio and individually controlled heating and air unit.
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