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Villa Madonna West Apartments
36 Father Riney Rd, Fancy Farm, Kentucky 42039
Applications are ONLY taken online at mayfieldhousing.com.
Waiting List is Open Now
The Villa Madonna West Apartments waiting list is currently open util further notice.
Last updated on June 12th, 2019Villa Madonna West Apartments Details
- 12 units.
- Project-Based Rental Assistance
- Senior (62+)
- Accessible Units
- Supportive Housing for the Elderly
Section 202 Supportive Housing for the Elderly
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
Section 521 USDA Rental Assistance
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
Fancy Farm HUD Rental Assistance Income Qualifications
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Fancy Farm but actual income limits may differ for units at Villa Madonna West Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $12,490 | $16,910 | $21,330 | $25,750 | $30,170 | $32,550 | $34,800 | $37,050 |
| 50% | $19,650 | $22,450 | $25,250 | $28,050 | $30,300 | $32,550 | $34,800 | $37,050 |
| 80% | $31,450 | $35,950 | $40,450 | $44,900 | $48,500 | $52,100 | $55,700 | $59,300 |
These general income qualifications for Fancy Farm, Kentucky should only be used as a basic guide. To find out if you qualify, contact the community directly.
You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.
Villa Madonna West Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.
Villa Madonna West Apartments is managed by Housing Authority of Mayfield.
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