Affordable Housing In Todd County
4 Low Income Apartment Communities In Todd County
Housing Authorities that serve Todd County
|Housing Authority of Todd County||Public Housing|
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Todd County, Kentucky
There are 4 low income housing apartment communities offering 179 affordable apartments for rent in Todd County, Kentucky.
Income Based Apartments in Todd County, Kentucky
Todd County features 172 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Todd County, Kentucky
There are 7 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Todd County.
Housing Choice Vouchers in Todd County, Kentucky
On average, Section 8 Housing Choice vouchers pay Todd County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Todd County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Todd County, Kentucky for a two-bedroom apartment is between $584 and $714.
2020 Todd County, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$461||$493||$649||$820||$879|
|Payment Standard Range||$415 to $507||$444 to $542||$584 to $714||$738 to $902||$791 to $967|
Sourced from federal housing data and AffordableHousingOnline.com research.
Todd County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||179|
|Total Housing Units with Rental Assistance||172|
|Percentage of Housing Units Occupied By Renters||28.03%|
|Average Renter Household Size||2.74|
|Average Household Size||2.70|
|Median Household Income||$40,497 ±$4,357|
|Median Rent||$587 ±$28|
|Percentage Of Renters Overburdened||36.56% ± 6.97pp|
Population and Household Demographics
Todd County is a county in Kentucky with a population of 12,524. There are 4,567 households in the county with an average household size of 2.70 persons. 28.03% of households in Todd County are renters.
Income and Rent Overburden in Todd County
The median gross income for households in Todd County is $40,497 a year, or $3,375 a month. The median rent for the county is $587 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Todd County, a household making less than $1,957 a month would be considered overburdened when renting an apartment at or above the median rent. 36.56% of households who rent are overburdened in Todd County.
Area Median Income In Todd 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 Todd County, HUD calculates the Area Median Income for a family of four as $51,100
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 Todd 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 HUD Rental Assistance in Todd County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$28,850||$31,000||$33,150||$35,250|
|50% of Median||$18,700||$21,400||$24,050||$26,700||$28,850||$31,000||$33,150||$35,250|
|80% of Median||$29,900||$34,200||$38,450||$42,700||$46,150||$49,550||$52,950||$56,400|
Cities In Todd County
Select A City to View its Apartment Communities and Waiting Lists.
|Allensville||The HUD funded Public Housing Agency that serves Allensville is the Kentucky Housing Corporation.|
|Elkton||The HUD funded Public Housing Agencies that serve Elkton are the Housing Authority of Todd County and Kentucky Housing Corporation.|
|Guthrie||The HUD funded Public Housing Agency that serves Guthrie is the Kentucky Housing Corporation.|
|Trenton||The HUD funded Public Housing Agency that serves Trenton is the Kentucky Housing Corporation.|