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Falcon Crest Apartments

1101 Centre Pkwy, Lexington, Kentucky 40517

Falcon Crest Apartments offer 3 bedroom apartments. This community is all electric and located close to Chinoe Shopping Center and Tates Creek School District.

Units

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

Falcon Crest Apartments Details

  • 72 0 bedroom units.
  • Public Housing
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Convenient Location

Unit Amenities

  • Washer/Dryer Hookup
  • Carpet
  • Balconies or Patios Available

Nearby Amenities

  • Close to Shopping
  • Near Schools

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

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.

Lexington 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 Lexington but actual income limits may differ for units at Falcon Crest Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,700 $19,050 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $27,800 $31,800 $35,750 $39,700 $42,900 $46,100 $49,250 $52,450
80% $44,450 $50,800 $57,150 $63,500 $68,600 $73,700 $78,750 $83,850

Falcon Crest Apartments is managed by Lexington-Fayette Urban County Housing Authority.

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