Magnolia Terrace Apartments LIHTCPB Section 8 Jellico, TN
Profile last updated · Data vintage: HUD FY2025
Magnolia Terrace Apartments is a Project-Based Section 8 community in Jellico, TN with 123 units reporting 98% occupancy. Assisted residents pay about $217/month on average.
123
total units
98%
occupancy
$217
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 226 5th St, Jellico, TN 37762 Map → |
| Average household income | $8,892/yr |
| Average personal income | $7,897/yr |
| People per unit | 1.1 |
| Moved in within last year | 23% |
| Households below 30% AMI | 87% |
| Households below 50% AMI | 98% |
| One-bedroom share | 100% |
How to apply at Magnolia Terrace Apartments
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 226 5th St, Jellico; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$217/mo average here).
Other subsidized housing in Jellico
- Grace Moore Memorial Public Housing
← All subsidized housing in Jellico
Frequently asked questions
What kind of subsidy does Magnolia Terrace Apartments have?
Project-Based Section 8; Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Magnolia Terrace Apartments?
Residents report average rents near $217/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Magnolia Terrace Apartments?
Contact the management office at 226 5th St in Jellico. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.