Affordable Housing In Clay
Webster County, Kentucky

Affordable Housing programs support 24 income based apartments in Clay where households pay rent based on how much they earn.

There are 0 affordable apartments in Clay that offer reduced rents to low-income households.

Waiting Lists in Clay, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Clay. Go to the Kentucky Section 8 Waiting Lists page for openings near Clay.

Ridgemont Apts. II

90 Park Street
Clay, Kentucky

Ridgemont Apts

87 Nall St
Clay, Kentucky
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Affordable Housing Near Clay

View affordable apartments and waiting lists in cities near Clay

City Apartments
Affordable Housing In Clay City, KY Affordable Housing programs support 2 apartment communities in Clay City.
Affordable Housing In Dixon, KY Affordable Housing programs support 1 apartment communities in Dixon.
Affordable Housing In Providence, KY Affordable Housing programs support 3 apartment communities in Providence.

Public Housing Agencies Serving Clay, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Clay.

Clay, Kentucky Affordable Housing Data

Income Based Apartments in Clay, Kentucky

Clay features 24 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 Clay, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clay.

Housing Choice Vouchers in Clay, Kentucky

On average, Section 8 Housing Choice vouchers pay Clay landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Clay.

The maximum amount a voucher would pay on behalf of a low-income tenant in Clay, Kentucky for a two-bedroom apartment is between $668 and $816.

2023 Clay, 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
Clay, Kentucky Fair Market Rent $538 $564 $742 $905 $999
Clay, Kentucky Payment Standard Range $484 to $592 $508 to $620 $668 to $816 $815 to $996 $899 to $1,099

Sourced from federal housing data and research.

Clay, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 33.92%
Average Renter Household Size 2.60
Average Household Size 2.32
Median Household Income $41,199 ±$2,306
Median Rent $623 ±$153
Percentage Of Renters Overburdened 33.33% ± 17.17pp
Total Population 1,048

Population and Household Demographics

Clay is a city in Webster County, Kentucky with a population of 1,048. There are 451 households in the city with an average household size of 2.32 persons. 33.92% of households in Clay are renters.

Income and Rent Overburden in Clay

The median gross income for households in Clay is $41,199 a year, or $3,433 a month. The median rent for the city is $623 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clay, a household making less than $2,077 a month would be considered overburdened when renting an apartment at or above the median rent. 33.33% of households who rent are overburdened in Clay.

Area Median Income In Clay

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 Clay, the AMI is calculated from all households within Webster County.

In Clay, HUD calculates the Area Median Income for a family of four as $63,400

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 Clay

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 Clay

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Clay AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,300 $37,700 $40,150
50% AMI Income Limits
Renters earning up to 50% of the Clay AMI may qualify for rental assistance programs that target Very Low Income households.
$21,300 $24,350 $27,400 $30,400 $32,850 $35,300 $37,700 $40,150
80% AMI Income Limits
Renters earning up to 80% of the Clay AMI may qualify for rental assistance programs that target Low Income households.
$34,100 $38,950 $43,800 $48,650 $52,550 $56,450 $60,350 $64,250