About This Property
Franklin Place Senior Apts contains 32 low-income units serving elderly residents in Princeton, Kentucky. The property includes 26 one-bedroom and 6 two-bedroom units and has been in service since 2005. The development utilizes 9% Low-Income Housing Tax Credits to provide affordable housing options in Caldwell County.
Waitlist Information
Waitlist managed by Housing Authority of Princeton
Eligibility is based on annual gross income, family/elderly/disabled status, and US citizenship or eligible immigration status; the program covers up to 70% of rent, and income should not exceed 50% of the median income.
Eligibility is determined by total annual gross income and family size.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Caldwell 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 | $616 |
| 1 Bedroom | $746 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,053 |
| 4 Bedroom | $1,156 |
Income Limits - Caldwell County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Princeton, KY?+
The Fair Market Rent (FMR) for Caldwell County, KY is: $616 (Studio), $746 (1BR), $850 (2BR), $1053 (3BR), $1156 (4BR). Actual rent at subsidized properties like Franklin Place Senior Apts is typically 30% of household income or less.
What size apartments are available at Franklin Place Senior Apts?+
Franklin Place Senior Apts offers the following unit types: 26 One-Bedroom, 6 Two-Bedroom units, for a total of 32 units.
What is the price range for apartments in Princeton, KY?+
Based on Fair Market Rent for Caldwell County, the estimated price range is: 1-bedroom: $746, 2-bedroom: $850. Actual rent at Franklin Place Senior Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Caldwell County, KY?+
For a 4-person household in Caldwell County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
Is there a waitlist for Franklin Place Senior Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Franklin Place Senior Apts?+
Franklin Place Senior Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Franklin Place Senior Apts?+
Franklin Place Senior Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 Franklin Place Senior Apts?+
Franklin Place Senior Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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