Affordable Housing In Laurel County

14 Low Income Apartment Communities In Laurel County

Arlington Greene

100 Arlington Greene
London, KY
1-4 BR

Cedar Lane II Apartments

415 Spring St
London, KY

Wildwood Apartments

1001 Wildwood Apartment
London, KY

Carnaby Square Apartments

825 S Main St
London, KY

London Apartments

135 Little Dr
London, KY
HCV Welcome

Arlington Greene

Arlington Greene
London, KY
HCV Welcome

County Farm Apartments

113 Mitchell Creek Rd
London, KY
HCV Welcome

Emma Estates

108 County Farm Rd
London, KY
HCV Welcome

Dawn Springs Villa

101 Dawn Springs Vl
London, KY
HCV Welcome

London Village

101 London Vlg
London, KY
HCV Welcome

There are 14 low income housing apartment complexes which contain 613 affordable apartments for rent in Laurel County. Many of these rental apartments are income based housing with 289 apartments that set rent based on your income. In Laurel County, HUD housing programs support 131 rental assistance apartments through programs like Project-based Section 8. There are 324 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Laurel County

Housing Authority Programs
Laurel County Section 8 Housing Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Laurel County

Housing Authority Programs
Housing Authority of London Public Housing

Guide To Affordable Housing in Laurel County, Kentucky

Laurel County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 613
Total Rent Assisted Apartments 289
Percentage of Housing Units Occupied By Renters 30.51%
Average Renter Household Size 2.45
Total Population 59,751
Housing Units 23,164
Average Household Size 2.54
Median Household Income $36,020 ±$1,271
Median Rent $579 ±$19
Percentage Of Renters Overburdened 40.01% ± 5.29pp

Population and Household Demographics

Laurel County is a County in Kentucky with a population of 59,751. There are 23,164 households in the county with an average household size of 2.54 persons. 30.51% of households in Laurel County are renters.

Income and Rent Overburden in Laurel County

The median gross income for households in Laurel County is $36,020 a year, or $3,002 a month. The median rent for the county is $579 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Laurel County, a household making less than $1,930 a month would be considered overburdened when renting an apartment at or above the median rent. 40.01% of households who rent are overburdened in Laurel County.1

Area Median Income In Laurel 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 Laurel County, HUD calculates the Area Median Income for a family of four as $46,800

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 Laurel 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 Laurel County HUD Rental Assistance in Laurel County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,600 $27,650 $29,700 $31,750 $33,800
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
80% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
Low Income Housing Tax Credits in Laurel County

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

From 1993 to 2008, 10 low income apartment communities containing 308 rental apartments have been constructed and made affordable to low income persons in Laurel 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 Laurel County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $17,950 $20,500 $23,050 $25,600 $27,650 $29,700 $31,750 $33,800
60% of Median $21,540 $24,600 $27,660 $30,720 $33,180 $35,640 $38,100 $40,560

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 Laurel County is $27,660 a year, or $2,305 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,305 by 30% to get a maximum rent of $692 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% $449 $481 $576 $666 $743 $819
60% $539 $577 $692 $799 $891 $983
Fair Market Rents in Laurel 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
$460 $543 $642 $880 $1,009

Cities In Laurel County

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

City Listings Served By
London 14 The HUD funded Public Housing Agencies that serve London are the Housing Authority of London and Laurel County Section 8 Housing.
East Bernstadt 0