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Montgomery Square Apartments

1376 Indian Mound Dr, Mount Sterling, Kentucky 40353

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Montgomery Square Apartments Details

  • 51 bedroom units.
  • Section 8 Project-Based Rental Assistance

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Mount Sterling 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 Mount Sterling but actual income limits may differ for units at Montgomery Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,760 $17,240 $21,720 $26,200 $30,000 $32,200 $34,450 $36,650
50% $19,450 $22,200 $25,000 $27,750 $30,000 $32,200 $34,450 $36,650
80% $31,100 $35,550 $40,000 $44,400 $48,000 $51,550 $55,100 $58,650

These general income qualifications for Mount Sterling, Kentucky should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Montgomery Square Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

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