Old Hickory Towers

930 Industrial Dr, Lakewood, Tennessee 37138

Are you searching for a community that is dedicated to serving the housing needs of seniors and those with disabilities in Old Hickory, Tennessee? Look no further than Old Hickory Towers, a beautiful apartment community, providing affordable housing through Section 8 subsidy for elderly and disabled residents. All your shopping, dining and entertainment needs are close to home! If comfort and convenience are important factors in your life, you’ve come to the right place!

Old Hickory Towers apartment community offers three floor plans featuring one and two bedroom options, as well as a duplex. Our standard amenities include disability access, emergency call systems, all major appliances, mini blinds and so much more. We have something for everyone.

Don’t feel like leaving home? You don’t have to. We offer snacks in our clubhouse Monday through Friday, a coffee bar, a DVD room, billiards, a fitness center, and so much more! We are currently undergoing renovations from the bottom up, as well as adding a community center to the community grounds. Our team is dedicated to providing quick and excellent service when you need it. Give us a call to schedule your personal tour today, we can’t wait to show you your new home! 

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 512 Call for Price
Two Bedroom (2/1) 840 Call for Price

Old Hickory Towers Details

  • 217 1 and 2 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Fitness Center
  • On-Site Maintenance
  • Laundry Facility

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Lakewood 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 Lakewood but actual income limits may differ for units at Old Hickory Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,850 $22,650 $25,500 $28,300 $32,470 $37,190 $41,910 $46,630
50% $33,050 $37,750 $42,450 $47,150 $50,950 $54,700 $58,500 $62,250
80% $52,850 $60,400 $67,950 $75,450 $81,500 $87,550 $93,600 $99,600

Lakewood 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 Lakewood but actual income limits may differ for units at Old Hickory Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,050 $37,750 $42,450 $47,150 $50,950 $54,700 $58,500 $62,250
Low Income (60%) $39,660 $45,300 $50,940 $56,580 $61,140 $65,640 $70,200 $74,700

Old Hickory Towers is managed by Freeman Webb.

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