Affordable Housing In Ashland
Boyd County, Kentucky

11 Low Income Apartment Communities In Ashland

Ashland Terrace

3100 Roberts Dr
Ashland, KY
1-4 BR

Harbor Hill Apartments

Landsdowne Dr
Ashland, KY
Call For Rent
1-3 BR
HCV Welcome

Ahp, Inc

2115 Moore St
Ashland, KY
Disabled Supportive Housing

Gla - Low II Apartments

1201 Stella Dr
Ashland, KY

Evergreen Square Pollard Place

451 Marcia St
Ashland, KY
HCV Welcome

Bruce I

1709 Clements Dr
Ashland, KY

Hillcrest Apartments

215 Carl Perkins Dr
Ashland, KY

Gla - Low I Apartments

1200 Stella Dr
Ashland, KY

Unity Square

506 9th St
Ashland, KY
Elderly Supportive Housing

Scope Towers II

3101 Winchester Ave
Ashland, KY

Housing Authorities that serve Ashland

Housing Authority Programs
Housing Authority of Ashland Public Housing
Ashland Assisted Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Ashland, Kentucky

There are 11 low income housing apartment communities offering 1,104 affordable apartments for rent in Ashland, Kentucky. Ashland features 1,070 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 34 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Ashland.

Sourced from federal housing data and research.

Ashland, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 1,104
Total Housing Units with Rental Assistance 1,070
Percentage of Housing Units Occupied By Renters 39.31%
Average Renter Household Size 2.40
Average Household Size 2.36
Median Household Income $39,208 ±$2,241
Median Rent $595 ±$37
Percentage Of Renters Overburdened 48.08% ± 5.77pp
Total Population 21,391

Population and Household Demographics

Ashland is a City in Boyd County, Kentucky with a population of 21,391. There are 8,962 households in the city with an average household size of 2.36 persons. 39.31% of households in Ashland are renters.

Income and Rent Overburden in Ashland

The median gross income for households in Ashland is $39,208 a year, or $3,267 a month. The median rent for the city is $595 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ashland, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 48.08% of households who rent are overburdened in Ashland.1

Area Median Income In Ashland

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Ashland, the AMI is calculated from all households within Boyd County.

In Ashland, HUD calculates the Area Median Income for a family of four as $56,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Ashland

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Ashland HUD Rental Assistance in Ashland

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $32,750 $35,000 $37,250
50% of Median $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% of Median $31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550
Low Income Housing Tax Credits in Ashland

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2009 to 2009, 1 low income apartment communities containing 34 rental apartments have been constructed and made affordable to low income persons in Ashland by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Ashland

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
60% of Median $23,700 $27,120 $30,480 $33,840 $36,600 $39,300 $42,000 $44,700

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Ashland is $30,480 a year, or $2,540 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,540 by 30% to get a maximum rent of $762 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $494 $529 $635 $734 $819 $903
60% $593 $635 $762 $881 $983 $1,084
Fair Market Rents in Ashland

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$553 $669 $808 $1,086 $1,278