Affordable Housing In Boyd County
Kentucky

12 Low Income Apartment Communities In Boyd County

Ashland Terrace

3100 Roberts Dr
Ashland, KY
$539-803
1-4 BR
Subsidized

Harbor Hill Apartments

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

Ahp, Inc

2115 Moore St
Ashland, KY
Accessible
Disabled Supportive Housing
Subsidized

Gla - Low II Apartments

1201 Stella Dr
Ashland, KY
Subsidized

Evergreen Square Pollard Place

451 Marcia St
Ashland, KY
Accessible
Subsidized

Bruce I

1709 Clements Dr
Ashland, KY
Subsidized

Hillcrest Apartments

215 Carl Perkins Dr
Ashland, KY
Subsidized

Gla - Low I Apartments

1200 Stella Dr
Ashland, KY
Subsidized

Unity Square

506 9th St
Ashland, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Grandview Manor

210 24th St
Catlettsburg, KY

There are 12 low income housing apartment complexes which contain 1,254 affordable apartments for rent in Boyd County. Many of these rental apartments are income based housing with 1,220 apartments that set rent based on your income. In Boyd County, HUD housing programs support 618 rental assistance apartments through programs like Project-based Section 8. There are 34 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Boyd County

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

Other Housing Authorities located in Boyd County

Housing Authority Programs
Housing Authority of Catlettsburg Public Housing
Housing Authority of Ashland Public Housing

Guide To Affordable Housing in Boyd County, Kentucky

Boyd County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 1,254
Total Rent Assisted Apartments 1,220
Percentage of Housing Units Occupied By Renters 29.76%
Average Renter Household Size 2.42
Total Population 48,917
Housing Units 19,383
Average Household Size 2.41
Median Household Income $42,319 ±$2,715
Median Rent $625 ±$28
Percentage Of Renters Overburdened 43.2% ± 4.85pp

Population and Household Demographics

Boyd County is a County in Kentucky with a population of 48,917. There are 19,383 households in the county with an average household size of 2.41 persons. 29.76% of households in Boyd County are renters.

Income and Rent Overburden in Boyd County

The median gross income for households in Boyd County is $42,319 a year, or $3,527 a month. The median rent for the county is $625 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boyd County, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 43.2% of households who rent are overburdened in Boyd County.1

Area Median Income In Boyd County

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.

In Boyd County, 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 Boyd County

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 Boyd County HUD Rental Assistance in Boyd County

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 Boyd County

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 Boyd County 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 Boyd County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
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 Boyd County 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 Boyd County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$509 $609 $734 $989 $1,178

Cities In Boyd County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Ashland 11 The HUD funded Public Housing Agencies that serve Ashland are the Housing Authority of Ashland and Ashland Assisted Housing Authority.
Westwood 0 The HUD funded Public Housing Agency that serves Westwood is the Ashland Assisted Housing Authority.
Cannonsburg 0 The HUD funded Public Housing Agency that serves Cannonsburg is the Ashland Assisted Housing Authority.
Catlettsburg 1 The HUD funded Public Housing Agency that serves Catlettsburg is the Ashland Assisted Housing Authority.