About This Property
Lincoln Terrace Apartments comprises 48 low-income residential units in Stanford, Kentucky, with 16 one-bedroom and 32 two-bedroom floor plans. The property has been in service since 2008 and utilizes 4% Low-Income Housing Tax Credits to support affordable housing availability. The community serves Lincoln County residents seeking economical housing options.
Waitlist Information
Waitlist managed by Stanford Housing Authority
The waiting list is currently accepting pre-applications for families and senior/disabled households. Qualified applicants are placed based on the date and time the pre-application is received, with no stated preferences.
Eligibility for Section 8 is based on income, family size, and citizenship status.
Waitlist data provided by section8waitlist.org
Updated June 17, 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.
Who manages Lincoln Terrace Apartments?+
Lincoln Terrace Apartments is managed by . You can reach them at .
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.
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.
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.
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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