871 Cardwell Lane , Frankfort, KY 40601
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $435 per Month† | 1 - 3 Beds | 1 Bath | 700 - 990 Sq Ft |
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.
Because Cottages of Frankfort I participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 700ft2 | $435† |
| Two Bedroom (2/1) | 882ft2 | Call for Price† |
| Three Bedroom (3/1) | 990ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,350 / year | $33,550 / year | $37,750 / year | $41,900 / year | $45,300 / year | $48,650 / year |
| 50% AMI for PBRA Units | $29,350 / year | $33,550 / year | $37,750 / year | $41,900 / year | $45,300 / year | $48,650 / year |
| 60% AMI for LIHTC Units | $35,220 / year | $40,260 / year | $45,300 / year | $50,280 / year | $54,360 / year | $58,380 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cottages of Frankfort I have a waiting list?
Cottages of Frankfort I 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 Cottages of Frankfort I?
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 Cottages of Frankfort I?
Cottages of Frankfort I is managed by Fourmidable headquartered in Bingham Farms, Michigan.
In addition to Cottages of Frankfort I, how many other affordable housing properties (and units) are there in Frankfort?
In addition to Cottages of Frankfort I, we list 22 other affordable properties in Frankfort. Learn about these properties here. Our data research shows that there are a total of 817 affordable units in Frankfort.
Keep a record of past landlord issues.
Having some marks on your rental history will not disqualify you from federal housing, but be prepared to explain situations like an eviction.Cha'Von Shawntaye Nichole says:
"Affordable Housing Online is informative, helpful, and is updated often."