Hickory Run Apartments I & II

About This Building

Affordable Housing Option in Jacksonville, AL - Hickory Run Apartments I & II Income Restrictions: Supporting Low-Income Households - Introduction Looking for an affordable housing option in Jacksonville, AL? Look no further than Hickory Run Apartments I & II. These apartments are designated as Low-Income Housing Tax Credit (LIHTC) properties, ensuring affordable rental rates. - Incentives for Builders and Developers The LIHTC program provides incentives to builders and developers, encouraging them to create housing options for individuals with low incomes. This initiative aims to address the need for affordable accommodation. - Rent Based on Area Median Income (AMI) To determine a fair rent rate, the maximum amount charged is based on the Area Median Income (AMI). However, it's important to note that this AMI calculation may render the apartments unaffordable for some low-income individuals. - Checking Rental Rates Before making a decision, it is crucial to check the current rental rates to assess whether they align with your budget. We recommend verifying the affordability of Hickory Run Apartments I & II based on your financial situation. - Variety of Apartments Available Hickory Run Apartments I & II offer a total of 82 one, two, and three-bedroom low-income units. With a range of options, you can find the apartment size that suits your needs. - Waiting Lists Please be aware that due to high demand, it is common for apartments to have waiting lists. However, we provide the contact information below, allowing you to directly inquire about potential availability and eligibility. - Income Verification for Application To apply for residency at this apartment complex, it is necessary to include and verify the income of all adults who are expected to live in the unit. For further details, feel free to call and inquire. Contact Information: - Phone number: [Insert phone number here] In summary, Hickory Run Apartments I & II in Jacksonville, AL, offer a low-income housing option supported by the LIHTC program. While the rental rates are determined based on the AMI, it is crucial to assess affordability. Consider the availability of different apartment sizes and contact the provided phone number to inquire further and determine if you qualify for residency.