400 W Russell St , Elkhorn City, KY 41522
Waiting List Forecast: Likely Short or None
Verified for 2019 by Ayat Elkarib, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 0 - 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Elkhorn City School Apartments are the adaptive reuse of the original Elkhorn City High School into 27 affordable units for families. The old Elkhorn City High School stands in Elkhorn City, a town about 20 miles southeast of Pikeville, Kentucky, the county seat. The school was built in 1938. The old high school, the most prominent one of the three National Register contributing buildings on the 6.8-acre parcel which is surrounded by State Route 197 and the Elkhorn Creek at its confluence into the Russell Fork. The site of the old Elkhorn City High School sits near the heart of the city. Originally constructed in 1938, this historic building is able to maintaining historic charm and amenities: original hardwood floors and windows, tall ceilings and wide hallways. Walking through the renovated building, it is easy to recognize where former spaces that classrooms, lockers, the principle’s office, stage, cafeteria and even the gymnasium once occupied. Two story loft units not occupy the space where the gymnasium once stood.
Elkhorn City School Apartments amenities include: Fully-equipped kitchens, Traditional cabinetry, Self-cleaning electric range, Washers & dryers hookups included in all units, Paddle fans in all living areas and bedrooms, Multiple handicap accessible units, Window blinds, Keyless electronic entry, Complete fire suppression system, Cable TV access, High speed internet access, Convenient onsite parking, Outdoor seating area, Individual tenant storage, On site management office, and Playground.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Elkhorn City School Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/0) | - | Call for Price† |
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,500 / year | $25,700 / year | $28,900 / year | $32,100 / year | $34,700 / year | $37,250 / year |
| 50% AMI for PBRA Units | $22,500 / year | $25,700 / year | $28,900 / year | $32,100 / year | $34,700 / year | $37,250 / year |
| 60% AMI for LIHTC Units | $27,000 / year | $30,840 / year | $34,680 / year | $38,520 / year | $41,640 / year | $44,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Elkhorn City School Apartments have a waiting list?
Elkhorn City School Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Elkhorn City School Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Elkhorn City School Apartments?
Elkhorn City School Apartments is managed by AU Associates headquartered in Lexington, KY.
In addition to Elkhorn City School Apartments, how many other affordable housing properties (and units) are there in Pike County?
In addition to Elkhorn City School Apartments, we list 15 other affordable properties in Pike County. Learn about these properties here. Our data research shows that there are a total of 1072 affordable units in Pike County.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Irina Petrova says:
"I recommend for everyone who needs information about Section 8 or Public Housing to use Affordable Housing Online."