Affordable Housing In Grant County
12 Low Income Apartment Communities In Grant County
Housing Authorities that serve Grant County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Other Housing Authorities located in Grant County
|Housing Authority of Williamstown||Public Housing|
|Housing Authority of Dry Ridge||Public Housing|
Guide To Affordable Housing in Grant County, Kentucky
There are 12 low income housing apartment communities offering 502 affordable apartments for rent in Grant County, Kentucky.
Income Based Apartments in Grant County, Kentucky
Grant County features 412 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Grant County, Kentucky
There are 90 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grant County.
Housing Choice Vouchers in Grant County, Kentucky
On average, Section 8 Housing Choice vouchers pay Grant County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Grant County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grant County, Kentucky for a two-bedroom apartment is between $698 and $854.
2020 Grant County, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$629||$649||$776||$1,119||$1,362|
|Payment Standard Range||$566 to $692||$584 to $714||$698 to $854||$1,007 to $1,231||$1,226 to $1,498|
Sourced from federal housing data and AffordableHousingOnline.com research.
Grant County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||12|
|Total Low Income Apartments||502|
|Total Housing Units with Rental Assistance||412|
|Percentage of Housing Units Occupied By Renters||29.56%|
|Average Renter Household Size||2.76|
|Average Household Size||2.91|
|Median Household Income||$44,824 ±$3,492|
|Median Rent||$715 ±$38|
|Percentage Of Renters Overburdened||41.28% ± 7.03pp|
Population and Household Demographics
Grant County is a County in Kentucky with a population of 24,670. There are 8,325 households in the county with an average household size of 2.91 persons. 29.56% of households in Grant County are renters.
Income and Rent Overburden in Grant County
The median gross income for households in Grant County is $44,824 a year, or $3,735 a month. The median rent for the county is $715 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grant County, a household making less than $2,383 a month would be considered overburdened when renting an apartment at or above the median rent. 41.28% of households who rent are overburdened in Grant County.1
Area Median Income In Grant 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 Grant County, HUD calculates the Area Median Income for a family of four as $53,100
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 Grant 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 Grant County HUD Rental Assistance in Grant 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||$25,750||$28,700||$30,800||$32,950||$35,050|
|50% of Median||$18,600||$21,250||$23,900||$26,550||$28,700||$30,800||$32,950||$35,050|
|80% of Median||$29,750||$34,000||$38,250||$42,500||$45,900||$49,300||$52,700||$56,100|
Cities In Grant County
Select A City to View its Apartment Communities and Waiting Lists.
|Crittenden||3||The HUD funded Public Housing Agency that serves Crittenden is the Kentucky Housing Corporation.|
|Corinth||3||The HUD funded Public Housing Agency that serves Corinth is the Kentucky Housing Corporation.|
|Dry Ridge||4||The HUD funded Public Housing Agencies that serve Dry Ridge are the Housing Authority of Dry Ridge and Kentucky Housing Corporation.|
|Williamstown||2||The HUD funded Public Housing Agencies that serve Williamstown are the Housing Authority of Williamstown and Kentucky Housing Corporation.|