Kentucky Avenue Phase IV

Kentucky Ave, Pikeville, KY 41501

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

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.

Dave's Thoughts On Kentucky Avenue Phase IV

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 Kentucky Avenue Phase IV 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Kentucky Avenue Phase IV

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $22,500 / year $25,700 / year $28,900 / year $32,100 / year $34,700 / year $37,250 / year $39,850 / year $42,400 / year
50% AMI for PBRA Units $22,500 / year $25,700 / year $28,900 / year $32,100 / year $34,700 / year $37,250 / year $39,850 / year $42,400 / year
60% AMI for LIHTC Units $27,000 / year $30,840 / year $34,680 / year $38,520 / year $41,640 / year $44,700 / year $47,820 / year $50,880 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Kentucky Avenue Phase IV

Does Kentucky Avenue Phase IV have a waiting list?

Kentucky Avenue Phase IV 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 Kentucky Avenue Phase IV?

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 Kentucky Avenue Phase IV, how many other affordable housing properties (and units) are there in Pikeville?

In addition to Kentucky Avenue Phase IV, we list 11 other affordable properties in Pikeville. Learn about these properties here. Our data research shows that there are a total of 1000 affordable units in Pikeville.

When was the Kentucky Avenue Phase IV listing last updated?

Kentucky Avenue Phase IV listing on Affordable Housing Online was last updated on 06/07/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Kentucky Avenue Phase IV

Carl D. Perkins Towers

200 Douglas Pkwy, Pikeville, Kentucky 41501

bed 1
payment Subsidized

Forest Trace Apartments

106 Forest Trace Hl, Pikeville, Kentucky 41535

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Douglas Elkhorn Apartments

148 Douglas Pkwy, Pikeville, Kentucky 41501

Myers Towers

748 Hambley Blvd, Pikeville, Kentucky 41501

Northgate II

142 Northgate Drive, Pikeville, Kentucky

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Douglas Apts II

148 Douglas Park, Pikeville, Kentucky

payment Subsidized
elderly Senior
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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