About This Silver Springs Terrace
If you are on the lookout for affordable housing, Silver Springs Terrace in Hickory, NC is a LIHTC apartment complex that may fit the bill. The Low-Income Housing Tax Credit program provides incentives to developers and builders to offer reasonably priced housing to those on low incomes. As per the program requirements, there are rental and income restrictions in place. The maximum rent charged is based on the Area Median Income (AMI). However, due to this, the apartment may still be unaffordable for some low-income individuals. Check the current rental rates to see if this is within your budget. The apartment complex has 100 units, with one to four bedrooms. Office hours are from Monday to Friday, 10 am to 5 pm. While waiting lists for apartments are common these days, you can contact Silver Springs Terrace directly to see if you qualify to apply. The apartments come with a range of features, including free heat and hot water, a fully equipped kitchen, wall-to-wall carpeting, spacious closets, custom accent walls, custom window treatments, a fun-filled playground, on-site laundry facilities, a community room with a kitchen, a basketball court, and easy access to the Greenway Bus Route and an on-site bus stop. The complex is located near Lake Norman State Park and Lake Hickory Country Club. You can call for deposit information, and the apartment complex also accepts HUD subsidies, which means that if you qualify for low-income housing and there are available apartments, rent is based on 30% of your Adjusted Gross Income. There are one, two, three, and four-bedroom apartments available.
