Sycamore Place Apartments, located in historic Ashland City next to the northeast bank of the Cumberland River, provides peaceful two and three bedroom apartment home living in a picturesque environment. Sycamore Place is the perfect location to all Nashville, Tennessee has to offer. The sparkling swimming pool, exercise room and clubhouse are just a few of the many features. Finally, the lifestyle you deserve at the price you can afford.
|2 bedroom 1 bath 50 (2/1)||801||Income Based|
|2 bedroom 2 bath 50 (2/2)||873||Income Based|
|2 bedroom 2 bath 60 (2/2)||873||Income Based|
|3 bedroom 2 bath 60 (3/2)||1,029||Income Based|
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.
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 Ashland City but actual income limits may differ for units at Sycamore Place Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$28,850||$32,950||$37,050||$41,150||$44,450||$47,750||$51,050||$54,350|
|Low Income (60%)||$34,620||$39,540||$44,460||$49,380||$53,340||$57,300||$61,260||$65,220|