About This Property
Overlook Terrace Apartments comprises 144 low-income units serving families in Louisville, Kentucky. The community offers a mix of 72 two-bedroom and 72 three-bedroom units and has been in service since 2009. The property receives 4% Low-Income Housing Tax Credit funding.
Waitlist Information
Waitlist managed by Louisville Metro Housing Authority
The waiting list has been open since at least March 2017, until further notice. Preferences are given to victims of domestic violence, homeless individuals, those displaced by government action, those in substandard housing, or rent-burdened applicants. Applications can be downloaded online and then mailed or hand-delivered, or applicants can create an account on the Rent Café Portal to apply.
The application process for the Housing Choice Voucher program was put on hold as of July 1, 2024, and new applications are not being accepted at this time. This is due to rising costs and federal funding limits. New families must establish residency in the Louisville Metro area for at least one year if they do not currently reside there or have not maintained an address for the past 12 months.
Waitlist data provided by section8waitlist.org
Updated September 10, 2026
Property Details
Fair Market Rent - Jefferson 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 | $976 |
| 1 Bedroom | $1,077 |
| 2 Bedroom | $1,301 |
| 3 Bedroom | $1,701 |
| 4 Bedroom | $1,955 |
Income Limits - Jefferson County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,150
- Very Low (50%)
- $26,950
- Low (80%)
- $43,050
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,800
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,550
- Low (80%)
- $66,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,650
- Low (80%)
- $71,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,800
- Low (80%)
- $81,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,150 | $26,950 | $43,050 |
| 2 Persons | $18,450 | $30,800 | $49,200 |
| 3 Persons | $21,960 | $34,650 | $55,350 |
| 4 Persons | $26,500 | $38,450 | $61,500 |
| 5 Persons | $31,040 | $41,550 | $66,450 |
| 6 Persons | $35,580 | $44,650 | $71,350 |
| 7 Persons | $40,120 | $47,700 | $76,300 |
| 8 Persons | $44,660 | $50,800 | $81,200 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Louisville, KY?+
The Fair Market Rent (FMR) for Jefferson County, KY is: $976 (Studio), $1077 (1BR), $1301 (2BR), $1701 (3BR), $1955 (4BR). Actual rent at subsidized properties like Overlook Terrace Apartments is typically 30% of household income or less.
What size apartments are available at Overlook Terrace Apartments?+
Overlook Terrace Apartments offers the following unit types: 72 Two-Bedroom, 72 Three-Bedroom units, for a total of 144 units.
Who manages Overlook Terrace Apartments?+
Overlook Terrace Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Overlook Terrace Apartments?+
Overlook Terrace Apartments 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 Overlook Terrace Apartments?+
Overlook Terrace Apartments 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 Jefferson County, KY?+
For a 4-person household in Jefferson County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. These limits are set by HUD and updated annually.
Is there a waitlist for Overlook Terrace Apartments?+
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.
What is the price range for apartments in Louisville, KY?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 2-bedroom: $1301, 3-bedroom: $1701. Actual rent at Overlook Terrace Apartments may be lower for income-eligible households.
Contact Information
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Overlook Terrace Apartments
Overlook Terrace Apartments
Louisville, KY
144 UnitsLease Purchase Program
Louisville, KY
6 UnitsThoroughbred Square Apts
Louisville, KY
52 UnitsLechner Scattered Sites
Louisville, KY
4 UnitsPartridge Pointe Apartments
Louisville, KY
276 UnitsPartridge Pointe Apartments
Louisville, KY
276 Units