Hickory Villa II Apartments

1000 Hickory Villa Dr, Dexter, Missouri 63841

Contact Hickory Villa II Apartments

Hickory Villa II Apartments offer 1 bedroom Elderly/Senior Apartments with baseboard heat, fire stops, window air, and smoke alarms.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price

Eligibility for Hickory Villa II 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 Dexter but actual income limits may differ for units at Hickory Villa II Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$23,350	$26,650	$30,000	$33,300	$36,000	$38,650	$41,300	$44,000
Low Income (60%)	$28,020	$31,980	$36,000	$39,960	$43,200	$46,380	$49,560	$52,800

Hickory Villa II Apartments Details

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

Property Amenities

On-Site Manager
Laundry Room
On-Site Maintenance
Open Parking

Unit Amenities

Refrigerator

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.