Affordable Housing In McLean County
Kentucky

5 Low Income Apartment Communities In McLean County

Town House Apartments

114 Main St
Livermore, KY
Subsidized

Riverview Apartments

102 E 2nd St
Livermore, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Livermore Heights

900 Hartford Pike
Livermore, KY
Subsidized

Sandefur Manor

680 W 3rd St
Calhoun, KY
Subsidized

Sacramento Apartments

201 Ross St
Sacramento, KY
HCV Welcome
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There are 5 low income housing apartment complexes which contain 147 affordable apartments for rent in McLean County. Many of these rental apartments are income based housing with 135 apartments that set rent based on your income. In McLean County, HUD housing programs support 112 rental assistance apartments through programs like Project-based Section 8. There are 12 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve McLean County

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

Guide To Affordable Housing in McLean County, Kentucky

McLean County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 147
Total Rent Assisted Apartments 135
Percentage of Housing Units Occupied By Renters 19.47%
Average Renter Household Size 2.53
Total Population 9,500
Housing Units 3,759
Average Household Size 2.50
Median Household Income $40,770 ±$3,639
Median Rent $490 ±$42
Percentage Of Renters Overburdened 32.38% ± 7.54pp

Population and Household Demographics

McLean County is a County in Kentucky with a population of 9,500. There are 3,759 households in the county with an average household size of 2.50 persons. 19.47% of households in McLean County are renters.

Income and Rent Overburden in McLean County

The median gross income for households in McLean County is $40,770 a year, or $3,398 a month. The median rent for the county is $490 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McLean County, a household making less than $1,633 a month would be considered overburdened when renting an apartment at or above the median rent. 32.38% of households who rent are overburdened in McLean County.1

Area Median Income In McLean 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 McLean County, HUD calculates the Area Median Income for a family of four as $70,400

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 McLean 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 McLean County HUD Rental Assistance in McLean County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,400 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250
80% of Median $38,400 $43,850 $49,350 $54,800 $59,200 $63,600 $68,000 $72,350
Low Income Housing Tax Credits in McLean County

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

From 1995 to 1995, 1 low income apartment communities containing 12 rental apartments have been constructed and made affordable to low income persons in McLean 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 McLean County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $28,800 $32,880 $37,020 $41,100 $44,400 $47,700 $51,000 $54,300

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 McLean County is $37,020 a year, or $3,085 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,085 by 30% to get a maximum rent of $926 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% $600 $643 $771 $891 $994 $1,097
60% $720 $771 $926 $1,069 $1,193 $1,316
Fair Market Rents in McLean 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
$536 $571 $746 $962 $1,142

Cities In McLean County

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

City Listings Served By
Livermore 3 The HUD funded Public Housing Agency that serves Livermore is the Kentucky Housing Corporation.
Calhoun 1 The HUD funded Public Housing Agency that serves Calhoun is the Kentucky Housing Corporation.
Sacramento 1 The HUD funded Public Housing Agency that serves Sacramento is the Kentucky Housing Corporation.
Beech Grove 0 The HUD funded Public Housing Agency that serves Beech Grove is the Kentucky Housing Corporation.
Island 0 The HUD funded Public Housing Agency that serves Island is the Kentucky Housing Corporation.