Cassell Ridge Apartments — Affordable LIHTC Housing in Knoxville, TN
Quality affordable housing approved under the Low-Income Housing Tax Credit (LIHTC) program. Spacious 2 and 3 bedroom apartment homes with modern amenities in Knoxville, Tennessee.
Income-restricted rents currently start at $1,284/month. Income limits and availability apply.
2 & 3 Bedroom Apartment Homes
Choose from spacious floor plans featuring open kitchens, generous closet space, in-unit washer/dryer connections, and private patios or balconies.
- 2 Bedroom / 2 Bathroom — starting at $1,284/month
- 3 Bedroom / 2 Bathroom — starting at $1,473/month
Community Amenities
- Resort-style swimming pool
- Fitness center
- Pet-friendly community
- On-site laundry facilities
- Professional on-site management
Income Limits & Eligibility
Cassell Ridge Apartments participates in the LIHTC affordable housing program. To qualify, your household income must fall at or below the program limit for your household size.
| Household Size | Annual Income Limit |
|---|---|
| 1 Person | $43,560 |
| 2 People | $49,800 |
| 3 People | $56,040 |
| 4 People | $62,220 |
| 5 People | $67,200 |
| 6 People | $72,180 |
| 7 People | $77,160 |
| 8 People | $82,140 |
Contact us if you have questions about eligibility.
Students
Because of program requirements, households made up entirely of full-time students must meet one of the following exceptions to qualify:
- At least one student is married and files a joint tax return.
- At least one student is enrolled in a job training program receiving assistance under the Job Training Partnership Act or a similar federal, state, or local program.
- At least one student was formerly in foster care.
- At least one student receives Temporary Assistance for Needy Families (TANF) benefits.
- The household consists of a single parent and their children, and neither the parent nor the children are claimed as dependents by another individual.
Frequently Asked Questions
What is the Low-Income Housing Tax Credit (LIHTC) program?
The LIHTC program was created to make quality housing more affordable. It allows communities like Cassell Ridge to offer homes at reduced rental rates to households that meet specific income and eligibility guidelines.
How do I know if I qualify for a LIHTC home?
Eligibility is primarily based on your household's gross (pre-tax) annual income and full-time student status. Review the Students and Income Limits sections above for more information. Our team is also available to answer any questions you have along the way!
Are all homes at Cassell Ridge part of the LIHTC program?
Yes, every home at Cassell Ridge is income-restricted through the LIHTC program. All residents must meet the program's income and eligibility requirements to qualify.
What if my income is over the limit?
Because all homes at Cassell Ridge are income-restricted, households exceeding the income limits would not qualify. If you're unsure where you stand, reach out to our team — we're happy to walk through your options with you!
Do I have to be a first-time renter to qualify?
No, you do not have to be a first-time renter. Your eligibility is based on your income and student status, not your rental history.
What happens if my income changes after I move in?
If your household income increases after you move in, you are usually allowed to remain in your home. However, certain program rules may apply if your income increases significantly. Our team will guide you through any necessary next steps if needed.
Can full-time students live in a LIHTC home?
Yes, but with some restrictions. If all household members are full-time students, you must meet one of the specific exceptions listed in the Students section to qualify.
What documents will I need to provide?
You'll be asked to provide documentation verifying your household income, student status (if applicable), and other standard application information. Our leasing team will provide a full checklist to help make the process easy!
Schedule a Tour
Cassell Ridge Apartments — 1230 Cassell Valley Way, Knoxville, TN
Phone: (865) 344-2490 — Email: info@cassellridgeapts.com