Affordable Housing In Jessamine County
Kentucky

15 Low Income Apartment Communities In Jessamine County

Edgewood East

609 Longview Dr
Nicholasville, KY
Subsidized

Foxwood Five

308 Foxwood Dr
Nicholasville, KY
Subsidized

Elmwood Apartments

200 Elmwood Ct
Nicholasville, KY
Subsidized

Beacon Apartments II

256 Blueberry Ln
Nicholasville, KY
Subsidized

Briarwick Apartments

1050 Hickory Hill Dr
Nicholasville, KY
Subsidized

Hickory Hill Townhomes

100 Andrea Dr
Nicholasville, KY
HCV Welcome

Nicholasville Greens

N Central AVE
Nicholasville, KY
HCV Welcome

Creekside Senior Apartments

N Second ST
Nicholasville, KY
HCV Welcome

Imperial Pointe, Phase V

410 Imperial Pointe
Nicholasville, KY
HCV Welcome

Staton - Groves

108 Cypress St
Nicholasville, KY

There are 15 low income housing apartment complexes which contain 496 affordable apartments for rent in Jessamine County. Many of these rental apartments are income based housing with 188 apartments that set rent based on your income. In Jessamine County, HUD housing programs support 70 rental assistance apartments through programs like Project-based Section 8. There are 308 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Jessamine County

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

Other Housing Authorities located in Jessamine County

Housing Authority Programs
Housing Authority of Nicholasville Public Housing

Guide To Affordable Housing in Jessamine County, Kentucky

Jessamine County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 496
Total Rent Assisted Apartments 188
Percentage of Housing Units Occupied By Renters 36.24%
Average Renter Household Size 2.67
Total Population 50,328
Housing Units 18,312
Average Household Size 2.65
Median Household Income $50,558 ±$2,236
Median Rent $771 ±$30
Percentage Of Renters Overburdened 43.55% ± 5.36pp

Population and Household Demographics

Jessamine County is a County in Kentucky with a population of 50,328. There are 18,312 households in the county with an average household size of 2.65 persons. 36.24% of households in Jessamine County are renters.

Income and Rent Overburden in Jessamine County

The median gross income for households in Jessamine County is $50,558 a year, or $4,213 a month. The median rent for the county is $771 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jessamine County, a household making less than $2,570 a month would be considered overburdened when renting an apartment at or above the median rent. 43.55% of households who rent are overburdened in Jessamine County.1

Area Median Income In Jessamine 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 Jessamine County, HUD calculates the Area Median Income for a family of four as $74,500

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 Jessamine 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 Jessamine County HUD Rental Assistance in Jessamine County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% of Median $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700
Low Income Housing Tax Credits in Jessamine 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 2005, 10 low income apartment communities containing 355 rental apartments have been constructed and made affordable to low income persons in Jessamine 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 Jessamine County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
60% of Median $31,320 $35,760 $40,260 $44,700 $48,300 $51,900 $55,440 $59,040

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 Jessamine County is $40,260 a year, or $3,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,355 by 30% to get a maximum rent of $1,007 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% $653 $699 $839 $969 $1,081 $1,193
60% $783 $839 $1,007 $1,163 $1,298 $1,431
Fair Market Rents in Jessamine 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
$617 $692 $883 $1,231 $1,551

Cities In Jessamine County

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

City Listings Served By
Nicholasville 15 The HUD funded Public Housing Agencies that serve Nicholasville are the Housing Authority of Nicholasville and Kentucky Housing Corporation.
Wilmore 0 The HUD funded Public Housing Agency that serves Wilmore is the Kentucky Housing Corporation.
High Bridge 0 The HUD funded Public Housing Agency that serves High Bridge is the Kentucky Housing Corporation.