Affordable Housing In Greenup County

8 Low Income Apartment Communities In Greenup County

Brentwood Apartments II

605 Powell Ln
Flatwoods, KY
HCV Welcome

Holley Manor

704 Eunice St
South Shore, KY

Holley Manor Annex

600 Eunice St
South Shore, KY

Pleasant View Apartments, Inc

2719 Fields Ave
Flatwoods, KY

Brentwood Apartments IIi Ltd

1801 Clay St
Flatwoods, KY

Brentwood Apartments IIi

1701 Clay St
Flatwoods, KY

Tygart Creek Townhomes

324 Tygart Creek Pl
South Shore, KY
HCV Welcome

Bay Berry Townhomes

110 E St
Flatwoods, KY
HCV Welcome
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Other Housing Authorities located in Greenup County

Housing Authority Programs
Appalachian Foothills Housing Agency Inc Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Greenup County, Kentucky

According to federal housing data and research, there are 8 low income housing apartment communities offering 242 affordable apartments for rent in Greenup County, Kentucky. Greenup County features 144 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 98 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Greenup County.

Greenup County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 242
Total Housing Units with Rental Assistance 144
Percentage of Housing Units Occupied By Renters 22.73%
Average Renter Household Size 2.40
Average Household Size 2.54
Median Household Income $45,370 ±$1,926
Median Rent $629 ±$28
Percentage Of Renters Overburdened 37.48% ± 4.23pp
Total Population 36,477

Population and Household Demographics

Greenup County is a County in Kentucky with a population of 36,477. There are 14,200 households in the county with an average household size of 2.54 persons. 22.73% of households in Greenup County are renters.

Income and Rent Overburden in Greenup County

The median gross income for households in Greenup County is $45,370 a year, or $3,781 a month. The median rent for the county is $629 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greenup County, a household making less than $2,097 a month would be considered overburdened when renting an apartment at or above the median rent. 37.48% of households who rent are overburdened in Greenup County.1

Area Median Income In Greenup 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 Greenup County, HUD calculates the Area Median Income for a family of four as $56,400

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 Greenup 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 Greenup County HUD Rental Assistance in Greenup 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 $30,170 $32,750 $35,000 $37,250
50% of Median $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% of Median $31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550
Low Income Housing Tax Credits in Greenup County

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

From 1991 to 1999, 4 low income apartment communities containing 90 rental apartments have been constructed and made affordable to low income persons in Greenup 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 Greenup County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
60% of Median $23,700 $27,120 $30,480 $33,840 $36,600 $39,300 $42,000 $44,700

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 Greenup County is $30,480 a year, or $2,540 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,540 by 30% to get a maximum rent of $762 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% $494 $529 $635 $734 $819 $903
60% $593 $635 $762 $881 $983 $1,084
Fair Market Rents in Greenup 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$553 $669 $808 $1,086 $1,278

Cities In Greenup County

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

City Listings Served By
Raceland 0
Flatwoods 5
South Shore 3
Russell 0
Worthington 0
Wurtland 0
Bellefonte 0
Greenup 0