400 W. 6th Street, Newport, KY 41071
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Northern Kentucky Scholar House is a comprehensive self-sufficiency program that provides affordable housing, child development services, and case management support for single parents as they pursue a degree in higher education. This property consists of 42-two bedroom units and 6-three bedroom apartments and a high-quality child development center on the same campus.
Single parents enrolled in Northern Kentucky Scholar House and attending school are offered support in:
1. Housing, where Section 8 subsidy will keep housing costs low for 48 apartments.
2. Educational and economic support program, where parents connected with other existing economic supports, such as childcare assistance, food stamps, work study programs, financial aid, and provided life skills consisting of on-site workshops and activities that support parents in their roles as students, parents, heads of household, and future employees.
3. On-site Child Care, where children from 6 weeks to school age receive care in an enriching environment (licensed and STAR rated Center) while the parent is in school.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Northern Kentucky Scholar House does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year | $65,520 / year | $70,380 / year | $75,240 / year | $80,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Northern Kentucky Scholar House have a waiting list?
Northern Kentucky Scholar House probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Northern Kentucky Scholar House?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to Northern Kentucky Scholar House, how many other affordable housing properties (and units) are there in Newport?
In addition to Northern Kentucky Scholar House, we list 16 other affordable properties in Newport. Learn about these properties here. Our data research shows that there are a total of 728 affordable units in Newport.
When was the Northern Kentucky Scholar House listing last updated?
Northern Kentucky Scholar House listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
29 18th Street, Newport, Kentucky 41071
450 W 6TH ST, Newport, Kentucky 41071
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