Affordable Housing In Burlington
Boone County, Kentucky

4 Low Income Apartment Communities In Burlington

Burlington Terrace Apartments, Phase I

2895 Douglas Drive
Burlington, KY

Burlington Terrace Apartments, Phase II

2895 Douglas Drive
Burlington, KY

Burlington Terrace Apartments, Phase II

2895 Douglas Drive
Burlington, KY

South Pointe

6032 Southpointe Dr
Burlington, KY
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There are 4 low income housing apartment complexes which contain 88 affordable apartments for rent in Burlington. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In Burlington, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 88 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Burlington

Housing Authority Programs
Boone County Assisted Housing Department Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Burlington, Kentucky

Burlington, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 88
Total Rent Assisted Apartments 0
Percentage of Housing Units Occupied By Renters 27.74%
Average Renter Household Size 2.41
Total Population 16,892
Housing Units 5,783
Average Household Size 2.84
Median Household Income $69,932 ±$5,666
Median Rent $883 ±$52
Percentage Of Renters Overburdened 32.11% ± 11.33pp

Population and Household Demographics

Burlington is a City in Boone County, Kentucky with a population of 16,892. There are 5,783 households in the city with an average household size of 2.84 persons. 27.74% of households in Burlington are renters.

Income and Rent Overburden in Burlington

The median gross income for households in Burlington is $69,932 a year, or $5,828 a month. The median rent for the city is $883 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Burlington, a household making less than $2,943 a month would be considered overburdened when renting an apartment at or above the median rent. 32.11% of households who rent are overburdened in Burlington.1

Area Median Income In Burlington

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 Burlington, the AMI is calculated from all households within Boone County.

In Burlington, HUD calculates the Area Median Income for a family of four as $81,300

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 Burlington

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 Burlington HUD Rental Assistance in Burlington

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,100 $19,550 $22,000 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
80% of Median $45,550 $52,050 $58,550 $65,050 $70,300 $75,500 $80,700 $85,900
Low Income Housing Tax Credits in Burlington

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

From 1997 to 1997, 1 low income apartment communities containing 88 rental apartments have been constructed and made affordable to low income persons in Burlington 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 Burlington

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
60% of Median $34,200 $39,060 $43,920 $48,780 $52,740 $56,640 $60,540 $64,440

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 Burlington is $43,920 a year, or $3,660 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,660 by 30% to get a maximum rent of $1,098 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% $713 $763 $915 $1,058 $1,180 $1,302
60% $855 $916 $1,098 $1,269 $1,416 $1,562
Fair Market Rents in Burlington

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
$584 $670 $884 $1,223 $1,414