Affordable Housing In Kenton County
Kentucky

45 Low Income Apartment Communities In Kenton County

Three Springs Townhomes

2404 Anderson Rd
Crescent Springs, KY
Income Based
1-3 BR
HCV Welcome

Lincoln Grant Scholar House

824 Greenup St
Covington, KY
Call For Rent
1 BR
HCV Welcome

Thomas Edison School Apartments

Scott Blvd
Covington, KY
Call For Rent
1-3 BR
HCV Welcome

Highpoint Apartments

110 Hay St
Ludlow, KY
1 BR
Accessible
HCV Welcome
Subsidized

WH MainStrasse Apartments

831 Bakewell
Covington, KY
HCV Welcome

St Aloysius Apartments

410 W 8th Street
Covington, KY
Subsidized

Cambridge Square Apartments

101 Promontory Dr
Covington, KY
Subsidized

Goodwill Village Apartments

1550 Banklick St
Covington, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Hathaway Court Apartments

1200 Highway Ave
Covington, KY
Subsidized

Voa Orv Madison Pike

4594 Oliver Rd
Independence, KY
Accessible
Disabled Supportive Housing
Subsidized

Housing Authorities that serve Kenton County

Housing Authority Programs
Housing Authority of Covington - Section 8 Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Housing Authority of Covington - Public Housing Public Housing

Guide To Affordable Housing in Kenton County, Kentucky

There are 45 low income housing apartment communities offering 2,575 affordable apartments for rent in Kenton County, Kentucky. Kenton County features 1,781 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 794 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Kenton County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Kenton County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 45
Total Low Income Apartments 2,575
Total Housing Units with Rental Assistance 1,781
Percentage of Housing Units Occupied By Renters 34.18%
Average Renter Household Size 2.41
Average Household Size 2.58
Median Household Income $54,296 ±$1,616
Median Rent $747 ±$14
Percentage Of Renters Overburdened 41.87% ± 2.81pp
Total Population 163,007

Population and Household Demographics

Kenton County is a County in Kentucky with a population of 163,007. There are 62,225 households in the county with an average household size of 2.58 persons. 34.18% of households in Kenton County are renters.

Income and Rent Overburden in Kenton County

The median gross income for households in Kenton County is $54,296 a year, or $4,525 a month. The median rent for the county is $747 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kenton County, a household making less than $2,490 a month would be considered overburdened when renting an apartment at or above the median rent. 41.87% of households who rent are overburdened in Kenton County.1

Area Median Income In Kenton 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 Kenton County, HUD calculates the Area Median Income for a family of four as $81,300

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 Kenton 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 Kenton County HUD Rental Assistance in Kenton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,100 $19,550 $22,000 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
80% of Median $45,550 $52,050 $58,550 $65,050 $70,300 $75,500 $80,700 $85,900
Low Income Housing Tax Credits in Kenton County

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

From 1990 to 2011, 21 low income apartment communities containing 656 rental apartments have been constructed and made affordable to low income persons in Kenton 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 Kenton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
60% of Median $34,200 $39,060 $43,920 $48,780 $52,740 $56,640 $60,540 $64,440

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 Kenton County is $43,920 a year, or $3,660 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,660 by 30% to get a maximum rent of $1,098 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% $713 $763 $915 $1,058 $1,180 $1,302
60% $855 $916 $1,098 $1,269 $1,416 $1,562
Fair Market Rents in Kenton 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
$568 $658 $865 $1,185 $1,362

Cities In Kenton County

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

City Listings Served By
Covington 34 The HUD funded Public Housing Agencies that serve Covington are the Housing Authority of Covington - Public Housing and Housing Authority of Covington - Section 8.
Erlanger 4 The HUD funded Public Housing Agencies that serve Erlanger are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Independence 4 The HUD funded Public Housing Agencies that serve Independence are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Bromley 1 The HUD funded Public Housing Agencies that serve Bromley are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Ludlow 1 The HUD funded Public Housing Agencies that serve Ludlow are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Fort Wright 0 The HUD funded Public Housing Agencies that serve Fort Wright are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Crestview Hills 0 The HUD funded Public Housing Agencies that serve Crestview Hills are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Edgewood 0 The HUD funded Public Housing Agencies that serve Edgewood are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Fairview 0 The HUD funded Public Housing Agencies that serve Fairview are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Fort Mitchell 0 The HUD funded Public Housing Agencies that serve Fort Mitchell are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Kenton Vale 0 The HUD funded Public Housing Agencies that serve Kenton Vale are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Lakeside Park 0 The HUD funded Public Housing Agencies that serve Lakeside Park are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Park Hills 0 The HUD funded Public Housing Agencies that serve Park Hills are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Ryland Heights 0 The HUD funded Public Housing Agencies that serve Ryland Heights are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Taylor Mill 0 The HUD funded Public Housing Agencies that serve Taylor Mill are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Villa Hills 0 The HUD funded Public Housing Agencies that serve Villa Hills are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Crescent Springs 1 The HUD funded Public Housing Agencies that serve Crescent Springs are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.
Elsmere 0 The HUD funded Public Housing Agencies that serve Elsmere are the Housing Authority of Covington - Section 8 and Housing Authority of Covington - Public Housing.