About This Property
Terrace Place Apartments offers 62 two-bedroom units designed for low-income families in Louisville, Kentucky. The property has been in service since 2006 and is operated as a non-profit. All units serve as affordable housing options in Jefferson County.
Waitlist Information
Waitlist managed by Louisville Metro Housing Authority
Preferences include those displaced by domestic violence, government action, rent burden, substandard living, or homelessness; applicants must have a head of household at least 18 or legally emancipated and at least one household member with legal immigration status.
Eligibility requires the head of household to be 18 or legally emancipated, at least one family member to have legal residency status, and the family must meet low-income and HUD background requirements.
Waitlist data provided by section8waitlist.org
Updated July 28, 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 |
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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 Terrace Place Apartments Dba Jacobs Landing is typically 30% of household income or less.
What size apartments are available at Terrace Place Apartments Dba Jacobs Landing?+
Terrace Place Apartments Dba Jacobs Landing offers the following unit types: 62 Two-Bedroom units, for a total of 62 units.
Is there a waitlist for Terrace Place Apartments Dba Jacobs Landing?+
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 Terrace Place Apartments Dba Jacobs Landing?+
Terrace Place Apartments Dba Jacobs Landing is managed by . You can reach them at .
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. Actual rent at Terrace Place Apartments Dba Jacobs Landing may be lower for income-eligible households.
How do I apply for housing at Terrace Place Apartments Dba Jacobs Landing?+
Terrace Place Apartments Dba Jacobs Landing 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.
Who is eligible to live at Terrace Place Apartments Dba Jacobs Landing?+
Terrace Place Apartments Dba Jacobs Landing 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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