About This Property
Lincoln Terrace Apartments comprises 48 low-income units in Stanford, Kentucky, with 16 one-bedroom and 32 two-bedroom floor plans. The property has been in service since 2008 and is financed through 4% Low-Income Housing Tax Credits. Prospective residents may contact the property management office for lease and occupancy information.
Waitlist Information
Waitlist managed by Stanford Housing Authority
The Housing Authority of Stanford is currently accepting Public Housing waiting list pre-applications for families and senior/disabled households. To apply, visit the HAS office at 100 Lacy St # 1, Stanford, KY 40484 to pick up a pre-application on Wednesdays from 9:00 am until 12:00 pm. Once completed, the pre-application must be hand-delivered to the same address Monday-Friday, 9:00 am until 12:00 pm. No preferences are stated; qualified applicants are placed by the date and time the pre-application is received.
Eligibility for Section 8 is based on income, family size, and citizenship status; contact the housing authority directly at (606) 365-7874 for application details.
Waitlist data provided by section8waitlist.org
Updated May 28, 2026
Property Details
Fair Market Rent - Lincoln 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 | $686 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,028 |
| 4 Bedroom | $1,132 |
Income Limits - Lincoln 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Stanford, KY?+
The Fair Market Rent (FMR) for Lincoln County, KY is: $616 (Studio), $686 (1BR), $850 (2BR), $1028 (3BR), $1132 (4BR). Actual rent at subsidized properties like Lincoln Terrace Apartments is typically 30% of household income or less.
What size apartments are available at Lincoln Terrace Apartments?+
Lincoln Terrace Apartments offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Lincoln Terrace Apartments?+
Lincoln Terrace Apartments 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.
Is there a waitlist for Lincoln Terrace Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Lincoln Terrace Apartments?+
Lincoln Terrace Apartments is managed by . You can reach them at .
What are the income limits for affordable housing in Lincoln County, KY?+
For a 4-person household in Lincoln 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.
What is the price range for apartments in Stanford, KY?+
Based on Fair Market Rent for Lincoln County, the estimated price range is: 1-bedroom: $686, 2-bedroom: $850. Actual rent at Lincoln Terrace Apartments may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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