About This Property
Cottages of Frankfort II offers 24 one-bedroom units designed for elderly residents in Frankfort, Kentucky. The property has served low-income households since 2005 and receives financing through the 9% Low-Income Housing Tax Credit program. Franklin County residents seeking affordable housing options can contact the property management for availability and application information.
Waitlist Information
Waitlist managed by Kentucky Housing Corporation-State Agency
The average wait time for the HCV program can be three to five years. KHC's Housing Choice Voucher/Section 8 Waiting List is closed as of July 26, 2024.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Franklin 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 | $731 |
| 1 Bedroom | $831 |
| 2 Bedroom | $1,042 |
| 3 Bedroom | $1,373 |
| 4 Bedroom | $1,687 |
Income Limits - Franklin County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,150
- Very Low (50%)
- $25,200
- Low (80%)
- $40,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,900
- Low (80%)
- $62,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,150 | $25,200 | $40,350 |
| 2 Persons | $17,420 | $28,800 | $46,100 |
| 3 Persons | $21,960 | $32,400 | $51,850 |
| 4 Persons | $26,500 | $36,000 | $57,600 |
| 5 Persons | $31,040 | $38,900 | $62,250 |
| 6 Persons | $35,580 | $41,800 | $66,850 |
| 7 Persons | $40,120 | $44,650 | $71,450 |
| 8 Persons | $44,660 | $47,550 | $76,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Frankfort, KY?+
The Fair Market Rent (FMR) for Franklin County, KY is: $731 (Studio), $831 (1BR), $1042 (2BR), $1373 (3BR), $1687 (4BR). Actual rent at subsidized properties like Cottages of Frankfort Ii is typically 30% of household income or less.
What size apartments are available at Cottages of Frankfort Ii?+
Cottages of Frankfort Ii offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Franklin County, KY?+
For a 4-person household in Franklin County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,000, Low Income (80% AMI): $57,600. These limits are set by HUD and updated annually.
Is there a waitlist for Cottages of Frankfort Ii?+
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 Cottages of Frankfort Ii?+
Cottages of Frankfort Ii is managed by . You can reach them at .
Who is eligible to live at Cottages of Frankfort Ii?+
Cottages of Frankfort Ii primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cottages of Frankfort Ii?+
Cottages of Frankfort 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.
What is the HUD inspection score for Cottages of Frankfort Ii?+
Cottages of Frankfort Ii has a HUD inspection score of 93 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What is the price range for apartments in Frankfort, KY?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $831. Actual rent at Cottages of Frankfort Ii 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.
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