Affordable Housing In Boyle County

9 Low Income Apartment Communities In Boyle County

Long Run Apartments

301 N Hill N Dale St
Danville, KY

Parkside East Apartments

351 Holtzclaw Street
Danville, KY

Patchen Pointe Apartments

200 Walker Court
Danville, KY

Northtown Senior Apartments

4245 Houstonville Rd
Junction City, KY

Burckley Homes

101 Bells Ln
Junction City, KY

Latimer Heights

651 W Lexington Ave
Danville, KY

Arnold Towers

301 Nichols Ter
Danville, KY

Ksd Village Apartments, Phase I

Mcclure Dr
Danville, KY
HCV Welcome

Ksd Village Apartments, Phase II

Stanford Ave
Danville, KY
HCV Welcome
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Housing Authorities that serve Boyle County

Housing Authority Programs
Housing Authority of Danville Public Housing

Other Housing Authorities located in Boyle County

Housing Authority Programs
Danville Community Development Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Boyle County, Kentucky

There are 9 low income housing apartment communities offering 556 affordable apartments for rent in Boyle County, Kentucky. Boyle County features 516 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 40 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Boyle County.

Sourced from federal housing data and research.

Boyle County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 556
Total Housing Units with Rental Assistance 516
Percentage of Housing Units Occupied By Renters 34.5%
Average Renter Household Size 2.34
Average Household Size 2.42
Median Household Income $39,704 ±$2,136
Median Rent $637 ±$25
Percentage Of Renters Overburdened 45.59% ± 6.29pp
Total Population 29,388

Population and Household Demographics

Boyle County is a County in Kentucky with a population of 29,388. There are 11,045 households in the county with an average household size of 2.42 persons. 34.5% of households in Boyle County are renters.

Income and Rent Overburden in Boyle County

The median gross income for households in Boyle County is $39,704 a year, or $3,309 a month. The median rent for the county is $637 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boyle County, a household making less than $2,123 a month would be considered overburdened when renting an apartment at or above the median rent. 45.59% of households who rent are overburdened in Boyle County.1

Area Median Income In Boyle 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 Boyle County, HUD calculates the Area Median Income for a family of four as $56,500

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 Boyle 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 Boyle County HUD Rental Assistance in Boyle 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 $32,800 $35,050 $37,300
50% of Median $19,800 $22,600 $25,450 $28,250 $30,550 $32,800 $35,050 $37,300
80% of Median $31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700
Low Income Housing Tax Credits in Boyle County

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

From 1992 to 1999, 5 low income apartment communities containing 116 rental apartments have been constructed and made affordable to low income persons in Boyle 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 Boyle County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,800 $22,600 $25,450 $28,250 $30,550 $32,800 $35,050 $37,300
60% of Median $23,760 $27,120 $30,540 $33,900 $36,660 $39,360 $42,060 $44,760

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 Boyle County is $30,540 a year, or $2,545 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,545 by 30% to get a maximum rent of $764 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% $495 $530 $636 $735 $820 $904
60% $594 $636 $764 $882 $984 $1,085
Fair Market Rents in Boyle 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$507 $541 $713 $974 $1,165

Cities In Boyle County

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

City Listings Served By
Danville 7 The HUD funded Public Housing Agencies that serve Danville are the Housing Authority of Danville and Danville Community Development Agency.
Perryville 0 The HUD funded Public Housing Agency that serves Perryville is the Housing Authority of Danville.
Junction City 2 The HUD funded Public Housing Agency that serves Junction City is the Housing Authority of Danville.