About This Property
Arcadia Park Apartments offers 155 low-income units across Phase I and II in Florence, Kentucky. The property includes 154 one-bedroom units and one four-bedroom unit, serving families since being placed in service in 2005. The community is funded through 4% Low-Income Housing Tax Credits and is professionally managed.
Property Details
Fair Market Rent - Boone County, KY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $810 |
| 1 Bedroom | $919 |
| 2 Bedroom | $1,195 |
| 3 Bedroom | $1,588 |
| 4 Bedroom | $1,766 |
Income Limits - Boone County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,950
- Very Low (50%)
- $29,900
- Low (80%)
- $47,850
- Extremely Low (30%)
- $20,500
- Very Low (50%)
- $34,200
- Low (80%)
- $54,650
- Extremely Low (30%)
- $23,050
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,550
- Low (80%)
- $79,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,950
- Low (80%)
- $84,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,400
- Low (80%)
- $90,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,950 | $29,900 | $47,850 |
| 2 Persons | $20,500 | $34,200 | $54,650 |
| 3 Persons | $23,050 | $38,450 | $61,500 |
| 4 Persons | $26,500 | $42,700 | $68,300 |
| 5 Persons | $31,040 | $46,150 | $73,800 |
| 6 Persons | $35,580 | $49,550 | $79,250 |
| 7 Persons | $40,120 | $52,950 | $84,700 |
| 8 Persons | $44,660 | $56,400 | $90,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Florence, KY?+
The Fair Market Rent (FMR) for Boone County, KY is: $810 (Studio), $919 (1BR), $1195 (2BR), $1588 (3BR), $1766 (4BR). Actual rent at subsidized properties like Arcadia Park Apartments, Phase I and Ii is typically 30% of household income or less.
What size apartments are available at Arcadia Park Apartments, Phase I and Ii?+
Arcadia Park Apartments, Phase I and Ii offers the following unit types: 154 One-Bedroom, 1 Four-Bedroom units, for a total of 155 units.
What is the price range for apartments in Florence, KY?+
Based on Fair Market Rent for Boone County, the estimated price range is: 1-bedroom: $919. Actual rent at Arcadia Park Apartments, Phase I and Ii may be lower for income-eligible households.
How do I apply for housing at Arcadia Park Apartments, Phase I and Ii?+
Arcadia Park Apartments, Phase I and Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Arcadia Park Apartments, Phase I and Ii?+
Arcadia Park Apartments, Phase I and Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Boone County, KY?+
For a 4-person household in Boone County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,700, Low Income (80% AMI): $68,300. These limits are set by HUD and updated annually.
Who manages Arcadia Park Apartments, Phase I and Ii?+
Arcadia Park Apartments, Phase I and Ii is managed by . You can reach them at .
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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