Affordable Housing In Mason County
Kentucky

6 Low Income Apartment Communities In Mason County

Stoneleigh Apartments

121 W 3rd St
Maysville, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

St Paul Trinity Community

665 Kenton Station Rd
Maysville, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Heritage Square Apartments II

400 Lincoln Dr
Maysville, KY

Maysville High School

215 Limestone St
Maysville, KY
HCV Welcome

Beechwood Manor

300 Wood St
Maysville, KY

Buffalo Trace Housing Corp

Limestone St
Maysville, KY
HCV Welcome
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Housing Authorities that serve Mason County

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

Other Housing Authorities located in Mason County

Housing Authority Programs
Housing Authority of Maysville Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Mason County, Kentucky

According to federal housing data and AffordableHousingOnline.com research, there are 6 low income housing apartment communities offering 308 affordable apartments for rent in Mason County, Kentucky. Mason County features 203 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 105 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mason County.

Mason County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 308
Total Housing Units with Rental Assistance 203
Percentage of Housing Units Occupied By Renters 33.05%
Average Renter Household Size 2.58
Average Household Size 2.52
Median Household Income $38,824 ±$2,186
Median Rent $547 ±$33
Percentage Of Renters Overburdened 29.29% ± 5.89pp
Total Population 17,296

Population and Household Demographics

Mason County is a County in Kentucky with a population of 17,296. There are 6,736 households in the county with an average household size of 2.52 persons. 33.05% of households in Mason County are renters.

Income and Rent Overburden in Mason County

The median gross income for households in Mason County is $38,824 a year, or $3,235 a month. The median rent for the county is $547 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mason County, a household making less than $1,823 a month would be considered overburdened when renting an apartment at or above the median rent. 29.29% of households who rent are overburdened in Mason County.1

Area Median Income In Mason 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 Mason County, HUD calculates the Area Median Income for a family of four as $53,500

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 Mason 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 Mason County HUD Rental Assistance in Mason 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 $25,750 $28,900 $31,050 $33,200 $35,350
50% of Median $18,750 $21,400 $24,100 $26,750 $28,900 $31,050 $33,200 $35,350
80% of Median $30,000 $34,250 $38,550 $42,800 $46,250 $49,650 $53,100 $56,500
Low Income Housing Tax Credits in Mason County

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

From 1994 to 1998, 2 low income apartment communities containing 53 rental apartments have been constructed and made affordable to low income persons in Mason 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 Mason County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,750 $21,400 $24,100 $26,750 $28,900 $31,050 $33,200 $35,350
60% of Median $22,500 $25,680 $28,920 $32,100 $34,680 $37,260 $39,840 $42,420

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 Mason County is $28,920 a year, or $2,410 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,410 by 30% to get a maximum rent of $723 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% $469 $502 $603 $696 $776 $857
60% $563 $602 $723 $835 $932 $1,028
Fair Market Rents in Mason 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$453 $516 $637 $822 $865

Cities In Mason County

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

City Listings Served By
Maysville 6 The HUD funded Public Housing Agency that serves Maysville is the Housing Authority of Maysville.
Dover 0 The HUD funded Public Housing Agency that serves Dover is the Kentucky Housing Corporation.
Mays Lick 0 The HUD funded Public Housing Agency that serves Mays Lick is the Kentucky Housing Corporation.
Sardis 0 The HUD funded Public Housing Agency that serves Sardis is the Kentucky Housing Corporation.