About This Property
Panorama Plus Apartments, Ltd operates 60 one-bedroom units designated for low-income residents in Florence, Kentucky. The property has been in service since 1999 and is structured as a non-profit ownership with 9% Low-Income Housing Tax Credit funding. All 60 units serve as affordable housing options in Boone County.
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 |
Advertisement
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 Panorama Plus Apartments, Ltd is typically 30% of household income or less.
What size apartments are available at Panorama Plus Apartments, Ltd?+
Panorama Plus Apartments, Ltd offers the following unit types: 60 One-Bedroom units, for a total of 60 units.
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 Panorama Plus Apartments, Ltd?+
Panorama Plus Apartments, Ltd is managed by . You can reach them at .
How do I apply for housing at Panorama Plus Apartments, Ltd?+
Panorama Plus Apartments, Ltd 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.
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 Panorama Plus Apartments, Ltd may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Panorama Plus Apartments, Ltd
Panorama Plus Apartments, Ltd
Florence, KY
60 UnitsWynnbrook Pines (Wildewood Apts)
Florence, KY
96 UnitsBrighton Recovery Center
Florence, KY
38 UnitsGreens of Turfway Townhomes
Florence, KY
88 UnitsMagnolia Glen Fka Ridgewood North
Florence, KY
60 UnitsArcadia Park Apartments Phase Iii
Florence, KY
60 Units