Affordable Housing In Butler County

10 Low Income Apartment Communities In Butler County

Oak Hill Apartments

155 Oak Hill Dr
Morgantown, KY

Oak Valley Apartments

250 Oak Valley Dr
Morgantown, KY

Sunmark Apartments

500 Boat Factory Rd
Morgantown, KY

Butler Properties Ltd

222 S Tyler St
Morgantown, KY

Green Acres Apartments

204 N Warren St
Morgantown, KY

Sunmark Apartments

16 Brittney Way
Morgantown, KY
HCV Welcome

Huff - Ingram

101 Kent Manor Dr
Morgantown, KY

Jenny Lynn Apartments

S Teddy Ave
Morgantown, KY
HCV Welcome

Jenny Lynn Prop Ltd

1001 Old Hartford Rd
Morgantown, KY

Butler Manor

S Tyler St
Morgantown, KY
HCV Welcome
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Housing Authorities that serve Butler County

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

Other Housing Authorities located in Butler County

Housing Authority Programs
Housing Authority of Morgantown Public Housing

Guide To Affordable Housing in Butler County, Kentucky

There are 10 low income housing apartment communities offering 412 affordable apartments for rent in Butler County, Kentucky. Butler County features 260 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 152 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Butler County.

Sourced from federal housing data and research.

Butler County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 412
Total Housing Units with Rental Assistance 260
Percentage of Housing Units Occupied By Renters 26.6%
Average Renter Household Size 2.51
Average Household Size 2.44
Median Household Income $33,536 ±$4,414
Median Rent $534 ±$52
Percentage Of Renters Overburdened 35.58% ± 7.83pp
Total Population 12,835

Population and Household Demographics

Butler County is a County in Kentucky with a population of 12,835. There are 5,176 households in the county with an average household size of 2.44 persons. 26.6% of households in Butler County are renters.

Income and Rent Overburden in Butler County

The median gross income for households in Butler County is $33,536 a year, or $2,795 a month. The median rent for the county is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Butler County, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 35.58% of households who rent are overburdened in Butler County.1

Area Median Income In Butler 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 Butler County, HUD calculates the Area Median Income for a family of four as $50,200

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 Butler 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 Butler County HUD Rental Assistance in Butler 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 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
Low Income Housing Tax Credits in Butler 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 2011, 3 low income apartment communities containing 88 rental apartments have been constructed and made affordable to low income persons in Butler 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 Butler County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

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 Butler County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 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% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
Fair Market Rents in Butler 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
$476 $479 $631 $875 $926

Cities In Butler County

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

City Listings Served By
Morgantown 10 The HUD funded Public Housing Agencies that serve Morgantown are the Housing Authority of Morgantown and Kentucky Housing Corporation.
Rochester 0 The HUD funded Public Housing Agency that serves Rochester is the Kentucky Housing Corporation.
Woodbury 0 The HUD funded Public Housing Agency that serves Woodbury is the Kentucky Housing Corporation.