Raceland Meadows is a friendly community that offers 1 and 2-bedroom apartments at a convenient location in Raceland, Kentucky. The spacious apartments include energy efficient electric appliances, washer/dryer hookups, and extra storage. Their community is tobacco-free and features a laundry facility, picnic area, playground, and more.They are conveniently located 2 minutes from Campbell Elementary School, 8 minutes from My Dad’s Pizzaria and Fatboy’s Food LLC, 10 minutes from Pennington’s Food Fair, 16 minutes from Ironton Hills Shopping Center, and 24 minutes from Lake Vesuvius Recreation Area.
|1 Bedroom (1/1)||637||Call for Price|
|2 Bedroom (2/1)||743||Call for Price|
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
Raceland Meadows is managed by Woda Cooper Companies, Inc..