About This Property
Meadow Creek Townhomes is a 42-unit affordable housing community in Warsaw, Kentucky, offering homes to low-income families. The property includes 27 two-bedroom and 15 three-bedroom units, with 41 units designated as low-income housing. Placed in service in 2005, the community operates with 9% Low-Income Housing Tax Credit financing and is non-profit owned.
Property Details
Fair Market Rent - Gallatin 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 - Gallatin 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 Warsaw, KY?+
The Fair Market Rent (FMR) for Gallatin County, KY is: $810 (Studio), $919 (1BR), $1195 (2BR), $1588 (3BR), $1766 (4BR). Actual rent at subsidized properties like Meadow Creek Townhomes is typically 30% of household income or less.
What size apartments are available at Meadow Creek Townhomes?+
Meadow Creek Townhomes offers the following unit types: 27 Two-Bedroom, 15 Three-Bedroom units, for a total of 42 units.
Who is eligible to live at Meadow Creek Townhomes?+
Meadow Creek Townhomes primarily serves families. 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 Meadow Creek Townhomes?+
Meadow Creek Townhomes 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 are the income limits for affordable housing in Gallatin County, KY?+
For a 4-person household in Gallatin 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.
What is the price range for apartments in Warsaw, KY?+
Based on Fair Market Rent for Gallatin County, the estimated price range is: 2-bedroom: $1195, 3-bedroom: $1588. Actual rent at Meadow Creek Townhomes may be lower for income-eligible households.
Who manages Meadow Creek Townhomes?+
Meadow Creek Townhomes is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
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