About This Property
Stearns Residence Center offers 24 one-bedroom units designed for elderly residents in McCreary County, Kentucky. The property has been in service since 2009 and operates as a non-profit owned affordable housing community. All 24 units are designated as low-income housing and financed through the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - McCreary 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 | $757 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,073 |
| 4 Bedroom | $1,156 |
Income Limits - McCreary 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 Stearns, KY?+
The Fair Market Rent (FMR) for McCreary County, KY is: $616 (Studio), $757 (1BR), $850 (2BR), $1073 (3BR), $1156 (4BR). Actual rent at subsidized properties like Stearns Residence Center is typically 30% of household income or less.
What size apartments are available at Stearns Residence Center?+
Stearns Residence Center offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in McCreary County, KY?+
For a 4-person household in McCreary 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.
How do I apply for housing at Stearns Residence Center?+
Stearns Residence Center 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 is the price range for apartments in Stearns, KY?+
Based on Fair Market Rent for McCreary County, the estimated price range is: 1-bedroom: $757. Actual rent at Stearns Residence Center may be lower for income-eligible households.
Who is eligible to live at Stearns Residence Center?+
Stearns Residence Center primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Stearns Residence Center?+
Stearns Residence Center is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
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