About This Property
Frenchburg Apartments comprises 24 low-income residential units in Frenchburg, Kentucky, featuring eight one-bedroom and sixteen two-bedroom floor plans. The property has been in service since 1995 and operates under 4% Low-Income Housing Tax Credit (LIHTC) financing.
Property Details
Fair Market Rent - Menifee 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 | $663 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,133 |
| 4 Bedroom | $1,156 |
Income Limits - Menifee 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 Frenchburg, KY?+
The Fair Market Rent (FMR) for Menifee County, KY is: $616 (Studio), $663 (1BR), $850 (2BR), $1133 (3BR), $1156 (4BR). Actual rent at subsidized properties like Frenchburg Apartments is typically 30% of household income or less.
What size apartments are available at Frenchburg Apartments?+
Frenchburg Apartments offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
Who manages Frenchburg Apartments?+
Frenchburg Apartments is managed by . You can reach them at .
What are the income limits for affordable housing in Menifee County, KY?+
For a 4-person household in Menifee 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 Frenchburg Apartments?+
Frenchburg 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 is the price range for apartments in Frenchburg, KY?+
Based on Fair Market Rent for Menifee County, the estimated price range is: 1-bedroom: $663, 2-bedroom: $850. Actual rent at Frenchburg Apartments may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car