Affordable Housing In Breckinridge County
Kentucky


Waiting List Openings In Breckinridge County

Waiting ListStatus
Kentucky Housing Corporation Housing Choice Voucher Open Now

7 Low Income Apartment Communities In Breckinridge County

Weatherholt Hills Apartments

707 Elm St
Cloverport, KY
Subsidized

Hallmark Group Home

606 Hooks Ln
Hardinsburg, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Creekview Apartments - Cloverport

102 E Houston St
Cloverport, KY
Subsidized

Evanwood Apartments

614 US Highway 60 Byp
Hardinsburg, KY
HCV Welcome

Evanwood Properties Ltd

614 Old Highway 60
Hardinsburg, KY

Cloverdale Apartments

510 West St
Cloverport, KY
Subsidized

Hillview Homes

363 Hillview Dr
Irvington, KY
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There are 7 low income housing apartment complexes which contain 204 affordable apartments for rent in Breckinridge County. Many of these rental apartments are income based housing with 156 apartments that set rent based on your income. In Breckinridge County, HUD housing programs support 88 rental assistance apartments through programs like Project-based Section 8. There are 48 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Breckinridge County

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Breckinridge County

Housing Authority Programs
Housing Authority of Irvington Public Housing

Guide To Affordable Housing in Breckinridge County, Kentucky

Breckinridge County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 204
Total Rent Assisted Apartments 156
Percentage of Housing Units Occupied By Renters 20.73%
Average Renter Household Size 2.63
Total Population 20,061
Housing Units 7,297
Average Household Size 2.71
Median Household Income $43,479 ±$3,250
Median Rent $529 ±$16
Percentage Of Renters Overburdened 30.4% ± 6.2pp

Population and Household Demographics

Breckinridge County is a County in Kentucky with a population of 20,061. There are 7,297 households in the county with an average household size of 2.71 persons. 20.73% of households in Breckinridge County are renters.

Income and Rent Overburden in Breckinridge County

The median gross income for households in Breckinridge County is $43,479 a year, or $3,623 a month. The median rent for the county is $529 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Breckinridge County, a household making less than $1,763 a month would be considered overburdened when renting an apartment at or above the median rent. 30.4% of households who rent are overburdened in Breckinridge County.1

Area Median Income In Breckinridge 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 Breckinridge County, HUD calculates the Area Median Income for a family of four as $59,500

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 Breckinridge 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 Breckinridge County HUD Rental Assistance in Breckinridge County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,500 $16,910 $21,330 $25,750 $30,170 $34,550 $36,900 $39,300
50% of Median $20,850 $23,800 $26,800 $29,750 $32,150 $34,550 $36,900 $39,300
80% of Median $33,350 $38,100 $42,850 $47,600 $51,450 $55,250 $59,050 $62,850
Low Income Housing Tax Credits in Breckinridge County

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

From 1991 to 2010, 2 low income apartment communities containing 48 rental apartments have been constructed and made affordable to low income persons in Breckinridge 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 Breckinridge County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,850 $23,800 $26,800 $29,750 $32,150 $34,550 $36,900 $39,300
60% of Median $25,020 $28,560 $32,160 $35,700 $38,580 $41,460 $44,280 $47,160

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 Breckinridge County is $32,160 a year, or $2,680 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,680 by 30% to get a maximum rent of $804 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% $521 $558 $670 $774 $864 $953
60% $626 $670 $804 $929 $1,037 $1,143
Fair Market Rents in Breckinridge 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
$464 $467 $618 $774 $1,010

Cities In Breckinridge County

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

City Listings Served By
Cloverport 3 The HUD funded Public Housing Agency that serves Cloverport is the Kentucky Housing Corporation.
Hardinsburg 3 The HUD funded Public Housing Agency that serves Hardinsburg is the Kentucky Housing Corporation.
Irvington 1 The HUD funded Public Housing Agencies that serve Irvington are the Housing Authority of Irvington and Kentucky Housing Corporation.