Affordable Housing In Todd County

3 Low Income Apartment Communities In Todd County

Royal Arms Apartments

166 Royal Arms Land Rd
Elkton, KY
Call For Rent
1-3 BR

Pennyrile Village

150 Pennyrile Ct
Guthrie, KY


Howell St
Guthrie, KY
HCV Welcome
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Housing Authorities that serve Todd County

Housing Authority Programs
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 3 low income housing apartment communities offering 155 affordable apartments for rent in Todd County, Kentucky. Todd County features 148 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 7 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Todd County.

Sourced from federal housing data and research.

Todd County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 155
Total Housing Units with Rental Assistance 148
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
Total Population 12,524

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.1

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 $54,100

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 Todd County 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 $12,490 $16,910 $21,330 $25,750 $29,250 $31,400 $33,550 $35,750
50% of Median $18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
80% of Median $30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200

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 Todd County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
60% of Median $22,740 $25,980 $29,220 $32,460 $35,100 $37,680 $40,260 $42,900

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 Todd County is $29,220 a year, or $2,435 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,435 by 30% to get a maximum rent of $731 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% $474 $508 $609 $704 $785 $866
60% $569 $609 $731 $845 $942 $1,040
Fair Market Rents in Todd 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
$461 $493 $649 $820 $879

Cities In Todd County

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

City Listings Served By
Elkton 1 The HUD funded Public Housing Agencies that serve Elkton are the Housing Authority of Todd County and Kentucky Housing Corporation.
Guthrie 2 The HUD funded Public Housing Agency that serves Guthrie is the Kentucky Housing Corporation.
Trenton 0 The HUD funded Public Housing Agency that serves Trenton is the Kentucky Housing Corporation.
Allensville 0 The HUD funded Public Housing Agency that serves Allensville is the Kentucky Housing Corporation.