Stoneridge I ( Madison )

Lee and Madison Sts, La Grange, Kentucky 40031

Stoneridge I ( Madison ) Details

  • 22 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

La Grange Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in La Grange but actual income limits may differ for units at Stoneridge I ( Madison ).

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,950 $30,800 $34,650 $38,450 $41,550 $44,650 $47,700 $50,800
Low Income (60%) $32,340 $36,960 $41,580 $46,140 $49,860 $53,580 $57,240 $60,960

Nearby Low Income Apartment Communities

Chilewich Apartments

1908 Jericho Rd
La Grange, Kentucky
$650-731
2-3 BR

Yorkcliffe Apartments

515 N 1st St
La Grange, Kentucky

Shepherd of the Valley Lutheran Community

1201 Woodcreek Dr
La Grange, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Cedar Lake Lesprit

3021 Fallen Wood Ln
La Grange, Kentucky
Subsidized
Accessible
Accessible
Disabled Supportive Housing