Hickory Tree Apartments

531 S. Patterson, Carey, Ohio 43316

Hickory Tree Apartments, an affordable housing community consisting of one and two bedroom apartments for those 62 years of age and older, disabled regardless of age. Complex amenities include an onsite manager and maintenance technician, parking, and community building with office, laundry, community room and patio. One bedroom accessible apartments available. Water, sewer and trash paid.

Contact Hickory Tree Apartments

Message Hickory Tree Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 BR (1/1) 653 From $405

Hickory Tree Apartments Details

  • 36 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • On-Site Manager
  • 24hr Emergency Maintenance
  • On-Site Parking
  • On-Site Maintenance
  • After Hours Call Service
  • Laundry Facility

Unit Amenities

  • Ceiling Fan(s)
  • Carpet
  • Yard
  • Refrigerator
  • Water Trash and Sewer Included

Nearby Amenities

  • Close to Business District
  • Close to Downtown District
  • Near Park

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Carey 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 Carey but actual income limits may differ for units at Hickory Tree Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,050 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,100
50% $23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
80% $37,450 $42,800 $48,150 $53,450 $57,750 $62,050 $66,300 $70,600

Carey 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 Carey but actual income limits may differ for units at Hickory Tree Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
Low Income (60%) $28,080 $32,100 $36,120 $40,080 $43,320 $46,500 $49,740 $52,920

Hickory Tree Apartments is managed by Premier Management LLC.

Image of Hickory Tree Apartments
Image of Hickory Tree Apartments
Image of Hickory Tree Apartments