Lancaster Estates

220 Marksbury Ave, Lancaster, Kentucky 40444

Lancaster Estates, located at 220 Marksbury Ave in Lancaster, has one, two and three bedroom apartments. Lancaster Estates participates in the Section 8 Project-Based Rental Assistance, Section 515 Rural Rental Housing and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Lancaster Estates Details

  • 51 one, two and three bedroom units.
  • Project-Based Rental Assistance
  • Accepts Section 8 Housing Choice Vouchers (HCV)

About Lancaster Estates

1, 2 and 3 bedroom apartment community. Please contact the leasing office for more details.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

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.

Lancaster HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Lancaster but actual income limits may differ for units at Lancaster Estates.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,550 $16,910 $21,330 $25,750 $30,170 $34,590 $37,050 $39,450
50% $20,900 $23,900 $26,900 $29,850 $32,250 $34,650 $37,050 $39,450
80% $33,450 $38,200 $43,000 $47,750 $51,600 $55,400 $59,250 $63,050

These general income qualifications for Lancaster, Kentucky should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Lancaster Estates receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Lancaster Estates is managed by Herman & Kittle Properties Inc..

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