Holyoke Hill Apartments

360.5 Tokeneke Road, Holyoke, Massachusetts 1040

Beautifully landscaped town homes located near the Holyoke Mall. Affordable through the Low Income Housing Tax Credit and moderate income Section 236 programs; Section 8 vouchers accepted.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) 870 $951
3 Bedroom (3/2) 1050 $1,187

Holyoke Hill Apartments Details

  • 165 two and three bedroom units.
  • Townhouse
  • Section 236
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • On-Site Management

Unit Amenities

  • Washer/Dryer Hookup
  • Window Coverings
  • Hardwood Floors
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Downtown District
  • Close to Public Transportation
  • Near Hospital
  • Near Schools

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Holyoke HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Holyoke but actual income limits may differ for units at Holyoke Hill Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,700 $20,200 $22,750 $26,500 $31,040 $35,580 $40,120 $44,660
50% $29,450 $33,650 $37,850 $42,050 $45,450 $48,800 $52,150 $55,550
80% $47,150 $53,850 $60,600 $67,300 $72,700 $78,100 $83,500 $88,850

Holyoke Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Holyoke but actual income limits may differ for units at Holyoke Hill Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,450 $33,650 $37,850 $42,050 $45,450 $48,800 $52,150 $55,550
Low Income (60%) $35,340 $40,380 $45,420 $50,460 $54,540 $58,560 $62,580 $66,660

Holyoke Hill Apartments is managed by Cornerstone Corporation.

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