Low Income (LIHTC)Waitlist Closed

701 Madison Ave

701 Madison Ave, Covington, KY, 41011

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

701 Madison Ave is a six-unit residential property in Covington, Kentucky that provides low-income housing. The building has been in service since 1991 and remains an active part of the affordable housing stock in Kenton County.

Waitlist Information

Waitlist managed by Covington Community Development Agency

Public Housing Waitlist

Closed

Apply: Mail

We are not accepting applications at this time. Please check back later for future applications.

Last verified February 13, 2026

Section 8 (HCV) Waitlist

Closed

Apply: In-person

Section 8 is not accepting applications at this time. The Project-Based Assistance Program accepts applications in person at 2300 Madison Ave., Covington.

Last verified February 13, 2026

Waitlist data provided by section8waitlist.org

Updated April 18, 2026

Property Details

Total Units

Fair Market Rent - Kenton 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 - Kenton County, KY

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $17,950
Very Low (50%): $29,900
Low (80%): $47,850

2 Persons

Extremely Low (30%): $20,500
Very Low (50%): $34,200
Low (80%): $54,650

3 Persons

Extremely Low (30%): $23,050
Very Low (50%): $38,450
Low (80%): $61,500

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $42,700
Low (80%): $68,300

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $46,150
Low (80%): $73,800

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $49,550
Low (80%): $79,250

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $52,950
Low (80%): $84,700

8 Persons

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

Year Placed in Service

1991

Low-Income Units

6 / 6

Frequently Asked Questions

What is the average rent for affordable housing in Covington, KY?+

The Fair Market Rent (FMR) for Kenton County, KY is: $810 (Studio), $919 (1BR), $1195 (2BR), $1588 (3BR), $1766 (4BR). Actual rent at subsidized properties like 701 Madison Ave is typically 30% of household income or less.

What are the income limits for affordable housing in Kenton County, KY?+

For a 4-person household in Kenton 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.

Who manages 701 Madison Ave?+

701 Madison Ave is managed by . You can reach them at . Visit their website for more information.

Is there a waitlist for 701 Madison Ave?+

Public Housing waitlist is currently Closed. 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.

How do I apply for housing at 701 Madison Ave?+

701 Madison Ave 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.

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