Cherry Tree Apartments

206 Zeagler Drive, Palatka, Florida 32177

Contact Cherry Tree Apartments

Cherry Tree Apartments is a beautiful and peaceful SENIOR community. We welcome applicants 62 years of age or older as well as those who are disabled. We are conveniently located near the downtown area, library and hospital. Our 1 & 2 bedroom apartments have patios, central air and more! Call for more information!

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	675	$530
Two Bedroom (2/1)	816	$770

Eligibility for Cherry Tree Apartments

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 Palatka but actual income limits may differ for units at Cherry Tree Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$22,500	$25,700	$28,900	$32,100
Low Income (60%)	$27,000	$30,840	$34,680	$38,520

Cherry Tree Apartments Details

34 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 515 Rural Rental Housing

Property Amenities

Clubhouse
On-Site Manager
On-Site Parking
High Speed Internet Access
Laundry Facility

Unit Amenities

Garbage Disposal
Cable Ready
Oven and Range
Central Heat & Air
Private Patios
vinyl tile flooring
Frost-Free Refrigerator
Large Closets

Nearby Amenities

Close to Dining
Close to Public Transportation
Close to Shopping
Near Hospital
Near Bank

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.