Affordable Housing In Bracken County
3 Low Income Apartment Communities In Bracken County
Housing Authorities that serve Bracken County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Bracken County, Kentucky
There are 3 low income housing apartment communities offering 112 affordable apartments for rent in Bracken County, Kentucky.
Income Based Apartments in Bracken County, Kentucky
Bracken County features 112 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Bracken County, Kentucky
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bracken County.
Housing Choice Vouchers in Bracken County, Kentucky
On average, Section 8 Housing Choice vouchers pay Bracken County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bracken County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bracken County, Kentucky for a two-bedroom apartment is between $779 and $952.
2020 Bracken County, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$568||$658||$865||$1,185||$1,362|
|Payment Standard Range||$511 to $625||$592 to $724||$779 to $952||$1,067 to $1,304||$1,226 to $1,498|
Sourced from federal housing data and AffordableHousingOnline.com research.
Bracken County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||112|
|Total Housing Units with Rental Assistance||112|
|Percentage of Housing Units Occupied By Renters||23.8%|
|Average Renter Household Size||2.51|
|Average Household Size||2.54|
|Median Household Income||$36,327 ±$4,162|
|Median Rent||$556 ±$36|
|Percentage Of Renters Overburdened||47.71% ± 9.48pp|
Population and Household Demographics
Bracken County is a county in Kentucky with a population of 8,425. There are 3,303 households in the county with an average household size of 2.54 persons. 23.8% of households in Bracken County are renters.
Income and Rent Overburden in Bracken County
The median gross income for households in Bracken County is $36,327 a year, or $3,027 a month. The median rent for the county is $556 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bracken County, a household making less than $1,853 a month would be considered overburdened when renting an apartment at or above the median rent. 47.71% of households who rent are overburdened in Bracken County.
Area Median Income In Bracken 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 Bracken County, HUD calculates the Area Median Income for a family of four as $86,300
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 Bracken 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 HUD Rental Assistance in Bracken County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,150||$20,750||$23,350||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$30,250||$34,550||$38,850||$43,150||$46,650||$50,100||$53,550||$57,000|
|80% of Median||$48,350||$55,250||$62,150||$69,050||$74,600||$80,100||$85,650||$91,150|
Cities In Bracken County
Select A City to View its Apartment Communities and Waiting Lists.
|Augusta||The HUD funded Public Housing Agency that serves Augusta is the Kentucky Housing Corporation.|
|Brooksville||The HUD funded Public Housing Agency that serves Brooksville is the Kentucky Housing Corporation.|
|Foster||The HUD funded Public Housing Agency that serves Foster is the Kentucky Housing Corporation.|
|Germantown||The HUD funded Public Housing Agency that serves Germantown is the Kentucky Housing Corporation.|