Affordable Housing In Meade County
Kentucky

3 Low Income Apartment Communities In Meade County

Maple Grove Apartments

388 Maple Grove Rd
Brandenburg, KY
Subsidized

Brandenburg Apartments

Hillcrest DR
Brandenburg, KY
HCV Welcome

Lone Oak Apartments

1206 Old Ekron Rd
Brandenburg, KY
Subsidized
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There are 3 low income housing apartment complexes which contain 94 affordable apartments for rent in Meade County. Many of these rental apartments are income based housing with 76 apartments that set rent based on your income. In Meade County, HUD housing programs support 56 rental assistance apartments through programs like Project-based Section 8. There are 18 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Meade County

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

Guide To Affordable Housing in Meade County, Kentucky

Meade County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 94
Total Rent Assisted Apartments 76
Percentage of Housing Units Occupied By Renters 28.48%
Average Renter Household Size 2.81
Total Population 29,098
Housing Units 10,574
Average Household Size 2.73
Median Household Income $49,884 ±$1,918
Median Rent $772 ±$66
Percentage Of Renters Overburdened 41.45% ± 7.07pp

Population and Household Demographics

Meade County is a County in Kentucky with a population of 29,098. There are 10,574 households in the county with an average household size of 2.73 persons. 28.48% of households in Meade County are renters.

Income and Rent Overburden in Meade County

The median gross income for households in Meade County is $49,884 a year, or $4,157 a month. The median rent for the county is $772 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Meade County, a household making less than $2,573 a month would be considered overburdened when renting an apartment at or above the median rent. 41.45% of households who rent are overburdened in Meade County.1

Area Median Income In Meade 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 Meade County, HUD calculates the Area Median Income for a family of four as $61,200

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 Meade 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 Meade County HUD Rental Assistance in Meade County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,850 $16,910 $21,330 $25,750 $30,170 $34,590 $37,950 $40,400
50% of Median $21,450 $24,500 $27,550 $30,600 $33,050 $35,500 $37,950 $40,400
80% of Median $34,300 $39,200 $44,100 $48,950 $52,900 $56,800 $60,700 $64,650
Low Income Housing Tax Credits in Meade 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 2010, 2 low income apartment communities containing 38 rental apartments have been constructed and made affordable to low income persons in Meade 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 Meade County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $25,740 $29,400 $33,060 $36,720 $39,660 $42,600 $45,540 $48,480

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 Meade County is $33,060 a year, or $2,755 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,755 by 30% to get a maximum rent of $827 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% $536 $574 $689 $796 $888 $979
60% $644 $689 $827 $955 $1,065 $1,175
Fair Market Rents in Meade 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
$476 $557 $702 $1,015 $1,223

Cities In Meade County

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

City Listings Served By
Brandenburg 3 The HUD funded Public Housing Agency that serves Brandenburg is the Kentucky Housing Corporation.
Doe Valley 0 The HUD funded Public Housing Agency that serves Doe Valley is the Kentucky Housing Corporation.
Ekron 0 The HUD funded Public Housing Agency that serves Ekron is the Kentucky Housing Corporation.