Affordable Housing In Lawrence County
6 Low Income Apartment Communities In Lawrence County
Housing Authorities that serve Lawrence County
|Housing Authority of Lawrence County||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Lawrence County, Kentucky
There are 6 low income housing apartment communities offering 151 affordable apartments for rent in Lawrence County, Kentucky.
Income Based Apartments in Lawrence County, Kentucky
Lawrence County features 131 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Lawrence County, Kentucky
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lawrence County.
Housing Choice Vouchers in Lawrence County, Kentucky
On average, Section 8 Housing Choice vouchers pay Lawrence County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Lawrence County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lawrence County, Kentucky for a two-bedroom apartment is between $597 and $729.
2021 Lawrence County, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Lawrence County, Kentucky Fair Market Rent||$475||$503||$663||$898||$901|
|Lawrence County, Kentucky Payment Standard Range||$428 to $523||$453 to $553||$597 to $729||$808 to $988||$811 to $991|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lawrence County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||151|
|Total Housing Units with Rental Assistance||131|
|Percentage of Housing Units Occupied By Renters||22%|
|Average Renter Household Size||2.47|
|Average Household Size||2.60|
|Median Household Income||$35,935 ±$4,264|
|Median Rent||$519 ±$39|
|Percentage Of Renters Overburdened||38.51% ± 7.43pp|
Population and Household Demographics
Lawrence County is a county in Kentucky with a population of 15,821. There are 6,033 households in the county with an average household size of 2.60 persons. 22% of households in Lawrence County are renters.
Income and Rent Overburden in Lawrence County
The median gross income for households in Lawrence County is $35,935 a year, or $2,995 a month. The median rent for the county is $519 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lawrence County, a household making less than $1,730 a month would be considered overburdened when renting an apartment at or above the median rent. 38.51% of households who rent are overburdened in Lawrence County.
Area Median Income In Lawrence 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 Lawrence County, HUD calculates the Area Median Income for a family of four as $44,200
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 Lawrence 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 HUD Rental Assistance in Lawrence County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Lawrence County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Lawrence County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Lawrence County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Lawrence County
Select A City to View its Apartment Communities and Waiting Lists.
|Blaine||The HUD funded Public Housing Agencies that serve Blaine are the Kentucky Housing Corporation and Housing Authority of Lawrence County.|
|Louisa||The HUD funded Public Housing Agencies that serve Louisa are the Housing Authority of Lawrence County and Kentucky Housing Corporation.|