Affordable Housing In Larue County

5 Low Income Apartment Communities In Larue County

Buffalo School Apartments

School Loop
Buffalo, KY
Call For Rent
1-2 BR
HCV Welcome

Hodgenville Landmark Apartments

100 Landmark Dr
Hodgenville, KY

Lincoln Village

101 Landmark Dr
Hodgenville, KY

Taylor Mill Apartments

170 Phillips Ln
Hodgenville, KY

Miami Court Rose Circle

105 Polley Ave
Hodgenville, KY
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There are 5 low income housing apartment complexes which contain 251 affordable apartments for rent in Larue County. Many of these rental apartments are income based housing with 232 apartments that set rent based on your income. In Larue County, HUD housing programs support 108 rental assistance apartments through programs like Project-based Section 8. There are 19 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Larue County

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

Other Housing Authorities located in Larue County

Housing Authority Programs
Housing Authority of Hodgenville Public Housing

Guide To Affordable Housing in Larue County, Kentucky

Larue County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 251
Total Rent Assisted Apartments 232
Percentage of Housing Units Occupied By Renters 26.9%
Average Renter Household Size 2.49
Total Population 14,149
Housing Units 5,328
Average Household Size 2.60
Median Household Income $38,578 ±$3,292
Median Rent $657 ±$58
Percentage Of Renters Overburdened 48.01% ± 10.22pp

Population and Household Demographics

Larue County is a County in Kentucky with a population of 14,149. There are 5,328 households in the county with an average household size of 2.60 persons. 26.9% of households in Larue County are renters.

Income and Rent Overburden in Larue County

The median gross income for households in Larue County is $38,578 a year, or $3,215 a month. The median rent for the county is $657 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Larue County, a household making less than $2,190 a month would be considered overburdened when renting an apartment at or above the median rent. 48.01% of households who rent are overburdened in Larue County.1

Area Median Income In Larue 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 Larue County, HUD calculates the Area Median Income for a family of four as $68,100

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 Larue 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 Larue County HUD Rental Assistance in Larue County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,700 $27,050 $30,450 $33,800 $36,550 $39,250 $41,950 $44,650
80% of Median $37,900 $43,300 $48,700 $54,100 $58,450 $62,800 $67,100 $71,450
Low Income Housing Tax Credits in Larue County

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

From 2010 to 2011, 2 low income apartment communities containing 43 rental apartments have been constructed and made affordable to low income persons in Larue 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 Larue County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,700 $27,050 $30,450 $33,800 $36,550 $39,250 $41,950 $44,650
60% of Median $28,440 $32,460 $36,540 $40,560 $43,860 $47,100 $50,340 $53,580

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 Larue County is $36,540 a year, or $3,045 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,045 by 30% to get a maximum rent of $914 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% $593 $634 $761 $879 $981 $1,083
60% $711 $761 $914 $1,055 $1,178 $1,299
Fair Market Rents in Larue 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
$543 $579 $766 $1,108 $1,345

Cities In Larue County

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

City Listings Served By
Hodgenville 4 The HUD funded Public Housing Agencies that serve Hodgenville are the Housing Authority of Hodgenville and Kentucky Housing Corporation.
Buffalo 1 The HUD funded Public Housing Agency that serves Buffalo is the Kentucky Housing Corporation.
Magnolia 0 The HUD funded Public Housing Agency that serves Magnolia is the Kentucky Housing Corporation.