Affordable Housing In Pendleton County

4 Low Income Apartment Communities In Pendleton County

Bedford House Apartments

301 Licking St
Falmouth, KY
Call For Rent
1 BR
HCV Welcome

Mt Auburn Apartments

Hwy 159 North 10496
Butler, KY

Williams Place Apartments

210 Matilda St
Butler, KY
HCV Welcome

Beech Terrace

420 Beech St
Falmouth, KY
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Housing Authorities that serve Pendleton County

Housing Authority Programs
Campbell County Department of Housing Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Pendleton County

Housing Authority Programs
Housing Authority of Falmouth Public Housing

Guide To Affordable Housing in Pendleton County, Kentucky

According to federal housing data and research, there are 4 low income housing apartment communities offering 128 affordable apartments for rent in Pendleton County, Kentucky. Pendleton County features 99 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 29 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pendleton County.

Pendleton County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 128
Total Housing Units with Rental Assistance 99
Percentage of Housing Units Occupied By Renters 22.52%
Average Renter Household Size 2.35
Average Household Size 2.67
Median Household Income $48,353 ±$4,990
Median Rent $583 ±$40
Percentage Of Renters Overburdened 30.02% ± 7.65pp
Total Population 14,514

Population and Household Demographics

Pendleton County is a County in Kentucky with a population of 14,514. There are 5,356 households in the county with an average household size of 2.67 persons. 22.52% of households in Pendleton County are renters.

Income and Rent Overburden in Pendleton County

The median gross income for households in Pendleton County is $48,353 a year, or $4,029 a month. The median rent for the county is $583 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pendleton County, a household making less than $1,943 a month would be considered overburdened when renting an apartment at or above the median rent. 30.02% of households who rent are overburdened in Pendleton County.1

Area Median Income In Pendleton 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 Pendleton County, HUD calculates the Area Median Income for a family of four as $81,300

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 Pendleton 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 Pendleton County HUD Rental Assistance in Pendleton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,100 $19,550 $22,000 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
80% of Median $45,550 $52,050 $58,550 $65,050 $70,300 $75,500 $80,700 $85,900
Low Income Housing Tax Credits in Pendleton County

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

From 2007 to 2007, 1 low income apartment communities containing 29 rental apartments have been constructed and made affordable to low income persons in Pendleton 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 Pendleton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
60% of Median $34,200 $39,060 $43,920 $48,780 $52,740 $56,640 $60,540 $64,440

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 Pendleton County is $43,920 a year, or $3,660 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,660 by 30% to get a maximum rent of $1,098 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% $713 $763 $915 $1,058 $1,180 $1,302
60% $855 $916 $1,098 $1,269 $1,416 $1,562
Fair Market Rents in Pendleton 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
$568 $658 $865 $1,185 $1,362

Cities In Pendleton County

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

City Listings Served By
Butler 2 The HUD funded Public Housing Agency that serves Butler is the Campbell County Department of Housing.
Falmouth 2 The HUD funded Public Housing Agencies that serve Falmouth are the Housing Authority of Falmouth and Campbell County Department of Housing.