Affordable Housing In Clinton County

12 Low Income Apartment Communities In Clinton County

Albany Commons II

190 Albany Commons St.
Albany, KY

Clinton Terrace

107 W Water Street
Albany, KY

The Pines at Cumberland Apartments

306 E Cumberland St
Albany, KY
HCV Welcome

Albany Manor Associates

RR 5
Albany, KY

Golden Harvest Village

200 E Cumberland St
Albany, KY

Albany Center Apartments

308 E Clear St
Albany, KY

Clinton County Empowerment Zone Lease

Nautical Dr
Albany, KY
HCV Welcome

Foothills Subdivision

McWhorter RD
Albany, KY
HCV Welcome

Clinton Terrace

100 W Water St
Albany, KY
HCV Welcome

Albany Single Family Project

ROUTE 1, BOX 1034
Albany, KY
HCV Welcome

Other Housing Authorities located in Clinton County

Housing Authority Programs
Housing Authority of Albany Public Housing

Guide To Affordable Housing in Clinton County, Kentucky

There are 12 low income housing apartment communities offering 339 affordable apartments for rent in Clinton County, Kentucky. Clinton County features 199 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 140 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Clinton County.

Sourced from federal housing data and research.

Clinton County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 339
Total Housing Units with Rental Assistance 199
Percentage of Housing Units Occupied By Renters 25.04%
Average Renter Household Size 2.54
Average Household Size 2.60
Median Household Income $28,025 ±$2,629
Median Rent $528 ±$38
Percentage Of Renters Overburdened 32.3% ± 9.6pp
Total Population 10,188

Population and Household Demographics

Clinton County is a County in Kentucky with a population of 10,188. There are 3,858 households in the county with an average household size of 2.60 persons. 25.04% of households in Clinton County are renters.

Income and Rent Overburden in Clinton County

The median gross income for households in Clinton County is $28,025 a year, or $2,335 a month. The median rent for the county is $528 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clinton County, a household making less than $1,760 a month would be considered overburdened when renting an apartment at or above the median rent. 32.3% of households who rent are overburdened in Clinton County.1

Area Median Income In Clinton 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 Clinton County, HUD calculates the Area Median Income for a family of four as $38,000

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 Clinton 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 Clinton County HUD Rental Assistance in Clinton 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 Clinton County

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

From 1993 to 2010, 9 low income apartment communities containing 200 rental apartments have been constructed and made affordable to low income persons in Clinton 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 Clinton 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 Clinton 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 Clinton 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
$448 $495 $631 $822 $855

Cities In Clinton County

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

City Listings Served By
Albany 12 The HUD funded Public Housing Agency that serves Albany is the Housing Authority of Albany.