About This Property
Lone Oak Apartments, Ltd. provides 20 one-bedroom units for low-income families in Brandenburg, Kentucky. The property has been in service since 1995 and receives 4% Low-Income Housing Tax Credit funding. A non-profit entity owns and operates the development.
Property Details
Fair Market Rent - Meade 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 | $783 |
| 1 Bedroom | $788 |
| 2 Bedroom | $1,035 |
| 3 Bedroom | $1,443 |
| 4 Bedroom | $1,756 |
Income Limits - Meade County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,600
- Very Low (50%)
- $24,300
- Low (80%)
- $38,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,750
- Low (80%)
- $44,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,200
- Low (80%)
- $49,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,450
- Low (80%)
- $59,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,200
- Low (80%)
- $64,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,000
- Low (80%)
- $68,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,750
- Low (80%)
- $73,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,600 | $24,300 | $38,800 |
| 2 Persons | $17,420 | $27,750 | $44,350 |
| 3 Persons | $21,960 | $31,200 | $49,900 |
| 4 Persons | $26,500 | $34,650 | $55,400 |
| 5 Persons | $31,040 | $37,450 | $59,850 |
| 6 Persons | $35,580 | $40,200 | $64,300 |
| 7 Persons | $40,120 | $43,000 | $68,700 |
| 8 Persons | $44,660 | $45,750 | $73,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Brandenburg, KY?+
The Fair Market Rent (FMR) for Meade County, KY is: $783 (Studio), $788 (1BR), $1035 (2BR), $1443 (3BR), $1756 (4BR). Actual rent at subsidized properties like Lone Oak Apartments, Ltd. is typically 30% of household income or less.
What size apartments are available at Lone Oak Apartments, Ltd.?+
Lone Oak Apartments, Ltd. offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
How do I apply for housing at Lone Oak Apartments, Ltd.?+
Lone Oak Apartments, Ltd. 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.
Who is eligible to live at Lone Oak Apartments, Ltd.?+
Lone Oak Apartments, Ltd. primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Meade County, KY?+
For a 4-person household in Meade County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,650, Low Income (80% AMI): $55,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Brandenburg, KY?+
Based on Fair Market Rent for Meade County, the estimated price range is: 1-bedroom: $788. Actual rent at Lone Oak Apartments, Ltd. may be lower for income-eligible households.
Who manages Lone Oak Apartments, Ltd.?+
Lone Oak Apartments, Ltd. is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.