About This Property
Goodwater Falls offers 36 one-bedroom units in Jenkins, Kentucky, serving elderly residents through a low-income housing program. The property has been in service since 1993 and utilizes 4% Low-Income Housing Tax Credits to support affordable housing operations.
Property Details
Fair Market Rent - Letcher 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 | $616 |
| 1 Bedroom | $733 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,318 |
Income Limits - Letcher County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,450
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $31,500
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $35,850
- Low (80%)
- $57,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,750 | $34,800 |
| 3 Persons | $21,960 | $24,450 | $39,150 |
| 4 Persons | $26,500 | $27,150 | $43,450 |
| 5 Persons | $29,350 | $29,350 | $46,950 |
| 6 Persons | $31,500 | $31,500 | $50,450 |
| 7 Persons | $33,700 | $33,700 | $53,900 |
| 8 Persons | $35,850 | $35,850 | $57,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Jenkins, KY?+
The Fair Market Rent (FMR) for Letcher County, KY is: $616 (Studio), $733 (1BR), $850 (2BR), $1198 (3BR), $1318 (4BR). Actual rent at subsidized properties like Goodwater Falls is typically 30% of household income or less.
What size apartments are available at Goodwater Falls?+
Goodwater Falls offers the following unit types: 36 One-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Letcher County, KY?+
For a 4-person household in Letcher County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,150, Low Income (80% AMI): $43,450. These limits are set by HUD and updated annually.
Who manages Goodwater Falls?+
Goodwater Falls is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Goodwater Falls?+
Goodwater Falls 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 Goodwater Falls?+
Goodwater Falls primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Jenkins, KY?+
Based on Fair Market Rent for Letcher County, the estimated price range is: 1-bedroom: $733. Actual rent at Goodwater Falls may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.