KNOXVILLE, TN (story courtesy of WVLT) – Two apartment complexes in Knoxville are preparing to offer up more than: The Overlook at Beaumont and First Creek at Austin.
First Creek at Austin
First Creek at Austin is a development run in conjunction with Knoxville’s Community Development Corporation. As part of Phase III of an ongoing project at the complex, First Creek is offering 160 units with move-in dates slated for August.
The units at First Creek will include one- to four-bedroom units aimed at people with an income of up to $1,788 per month. Rental assistance will also be available for families who make up to 80% of the Area Median Income. That AMI is set at $79,520 for a family of four in Knoxville.
Beyond that, 50 units have been set aside for people 62 and older. Those units are available to people with up to 50% of the AMI, which is set at $34,750 per year for a single person. The units come with housekeeping, meal and health-related services.
“These are beautiful apartments near downtown, with quartz countertops, stainless steel appliances, dishwashers, washer and dryer connections, and central heat and air,” First Creek at Austin Property Manager Peter McKay said. “A lot of people are surprised that an individual making $20 an hour and working 40 hours a week would qualify for rental assistance, but a single person earning up to $41,700 a year would pay about $1,100 a month for rent at First Creek at Austin.”
The Overlook at Beaumont
The Overlook at Baumont is located in northwest Knoxville. It’s expected to open in December and is now leasing for one-, two- and three-bedroom units. The market rate sits at $1,200 for one bedroom and one bathroom, $1,450 for two bedrooms and two bathrooms and $1,700 for three bedrooms and two bathrooms.
Rental assistance is also available for those making up to 60% of the AMI, set at $59,640 for a family of four in Knoxville.
“We know there is a real need for affordable apartments in Knoxville, and these properties offer quality housing options at accessible rates,” McKay said.
Those interested in learning more can do so by clicking https://www.firstcreekliving.com/ and https://liveatbeaumont.com/.
