Affordable Housing In Fleming County
Kentucky

4 Low Income Apartment Communities In Fleming County

Fleming Trace Apartments

280 Rucker Street
Flemingsburg, KY

Ridgeway Park Apartments

316 Glascock Dr
Flemingsburg, KY
Subsidized

High Ridge Manor Apartments

17 Highridge Ln
Flemingsburg, KY
HCV Welcome

James T Crain Heights

101 Circle Dr
Flemingsburg, KY
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There are 4 low income housing apartment complexes which contain 116 affordable apartments for rent in Fleming County. Many of these rental apartments are income based housing with 100 apartments that set rent based on your income. In Fleming County, HUD housing programs support 60 rental assistance apartments through programs like Project-based Section 8. There are 16 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Fleming County

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

Other Housing Authorities located in Fleming County

Housing Authority Programs
Housing Authority of Flemingsburg Public Housing

Guide To Affordable Housing in Fleming County, Kentucky

Fleming County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 116
Total Rent Assisted Apartments 100
Percentage of Housing Units Occupied By Renters 24.45%
Average Renter Household Size 2.44
Total Population 14,544
Housing Units 5,636
Average Household Size 2.57
Median Household Income $35,469 ±$4,094
Median Rent $497 ±$42
Percentage Of Renters Overburdened 32.15% ± 7.82pp

Population and Household Demographics

Fleming County is a County in Kentucky with a population of 14,544. There are 5,636 households in the county with an average household size of 2.57 persons. 24.45% of households in Fleming County are renters.

Income and Rent Overburden in Fleming County

The median gross income for households in Fleming County is $35,469 a year, or $2,956 a month. The median rent for the county is $497 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fleming County, a household making less than $1,657 a month would be considered overburdened when renting an apartment at or above the median rent. 32.15% of households who rent are overburdened in Fleming County.1

Area Median Income In Fleming 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 Fleming County, HUD calculates the Area Median Income for a family of four as $48,300

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 Fleming 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 Fleming County HUD Rental Assistance in Fleming 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 Fleming County

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

From 1997 to 1997, 1 low income apartment communities containing 16 rental apartments have been constructed and made affordable to low income persons in Fleming 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 Fleming 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 Fleming 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 Fleming 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$443 $467 $618 $774 $843

Cities In Fleming County

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

City Listings Served By
Flemingsburg 4 The HUD funded Public Housing Agencies that serve Flemingsburg are the Housing Authority of Flemingsburg and Kentucky Housing Corporation.
Ewing 0 The HUD funded Public Housing Agency that serves Ewing is the Kentucky Housing Corporation.
Elizaville 0 The HUD funded Public Housing Agency that serves Elizaville is the Kentucky Housing Corporation.