Hydreco Apartments
501 Tygart St, Olive Hill, Kentucky 41164
Contact Hydreco Apartments
Hydreco Apartments is managed by Housing Authority of Olive Hill.
Eligibility for Hydreco Apartments
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 Olive Hill but actual income limits may differ for units at Hydreco Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $14,580 | $19,720 | $24,860 | $30,000 | $34,700 | $37,250 | $39,850 | $42,400 |
| 50% | $22,500 | $25,700 | $28,900 | $32,100 | $34,700 | $37,250 | $39,850 | $42,400 |
| 80% | $35,950 | $41,100 | $46,250 | $51,350 | $55,500 | $59,600 | $63,700 | $67,800 |
Hydreco Apartments Details
- 40 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Public Housing
- Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)
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.
Public Housing
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
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