The City of Knoxville has established an affordable rental development fund in the initial amount of $2 million for the creation of new affordable and workforce rental housing.
This fund is in response to the need for standard rental units that are affordable to low and moderate
income renters.
Knoxville has lost hundreds of affordable units over the last few years and at the same time, market rents have been steadily climbing.
In an effort to increase the supply and long-term availability of rental housing options for persons with modest
incomes, this fund has been created to incentivize the development of quality affordable rental housing.
Properties assisted with funding through the Affordable Rental Development Fund:
DISTRICT 1
Southside Flats – 172 units (complete)
2727 Ft. Stanley Way, Knoxville 37920
www.southsideknox.com
Young High Flats – 156 units (complete)
111 East Young High Pike, Knoxville 37920
www.younghighflats.com
DISTRICT 2
Restoration House – 30 units (complete)
2205 Village Place Way, Knoxville 37923
www.therestorationhouse.net
Flats at Pond Gap – 102 units (complete)
817 Hollywood Road, Knoxville 37919
www.flatsatpondgap.com
Moss Grove Flats – 192 units (complete)
834 Sapling Grove Way, Knoxville 37922
http://www.mossgroveapts.com/
DISTRICT 3
Middlebrook Gardens – 10 units (complete)
3720 Middlebrook Pike, Knoxville 37921
Cottages at Clifton Rd – 53 units (complete)
Clifton Road, Knoxville 37921
www.kcdc.org/housing/the-cottages-at-clifton
Callahan Flats - (construction to begin 2023)
1511 Callahan Drive, Knoxville, 37912
DISTRICT 4
Dogwood Springs Apartments – 50 units (complete)
2704 Mineral Springs Avenue, Knoxville 37917
https://mcnabbcenter.org/dogwood-springs/
DISTRICT 5
Inskip Flats - 66 units ( under construction)
4755 Romeo Way, Knoxville 37912
Central Terrace - (under construction)
4510 Fennell Road, Knoxville, 37912
DISTRICT 6
Village at Holston Court – 24 units (complete)
123 Holston Village Way, Knoxville 37914
www.homesourcetn.org
Burlington Commons – 49 units (complete)
4530 Holston Drive, Knoxville 37914
www.varnerhomes.com/burlington-commons
Caswell Manor - 48 units (complete)
1501 East Fifth Avenue, Knoxville 37917
Dogan-Gaither Flats - 16 units (complete)
211 Jessamine Street, Knoxville 37917
Ammons at Asheville Hwy. - (complete)
4617 Asheville Hwy., 37914
https://www.ehmgmt.com/the-ammons-at-asheville-hwy
First Creek at Austin - (under construction)
1250 Elston Turner Drive, 37915
Five Points Infill - (construction to begin 2023)
Ben Hur Avenue, Selma Avenue, Chestnut Street, 37914
Affordable Rental Development Guidelines [PDF]
Affordable Rental Development Fund Application [PDF]