About This Property
Mt. Sterling - Main Cross contains 51 low-income units serving elderly residents in Mt. Sterling, Kentucky. The property, which was placed in service in 2013, offers a mix of 28 one-bedroom and 23 two-bedroom units.
Property Details
Fair Market Rent - Montgomery 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 | $647 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,167 |
| 4 Bedroom | $1,171 |
Income Limits - Montgomery County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,250
- Low (80%)
- $30,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,000
- Low (80%)
- $35,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,750
- Low (80%)
- $39,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $29,700
- Very Low (50%)
- $29,700
- Low (80%)
- $47,550
- Extremely Low (30%)
- $31,900
- Very Low (50%)
- $31,900
- Low (80%)
- $51,050
- Extremely Low (30%)
- $34,100
- Very Low (50%)
- $34,100
- Low (80%)
- $54,600
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,250 | $30,800 |
| 2 Persons | $17,420 | $22,000 | $35,200 |
| 3 Persons | $21,960 | $24,750 | $39,600 |
| 4 Persons | $26,500 | $27,500 | $44,000 |
| 5 Persons | $29,700 | $29,700 | $47,550 |
| 6 Persons | $31,900 | $31,900 | $51,050 |
| 7 Persons | $34,100 | $34,100 | $54,600 |
| 8 Persons | $36,300 | $36,300 | $58,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mt Sterling, KY?+
The Fair Market Rent (FMR) for Montgomery County, KY is: $616 (Studio), $647 (1BR), $850 (2BR), $1167 (3BR), $1171 (4BR). Actual rent at subsidized properties like Mt. Sterling - Main Cross is typically 30% of household income or less.
What size apartments are available at Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross offers the following unit types: 28 One-Bedroom, 23 Two-Bedroom units, for a total of 51 units.
Who manages Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross is managed by . You can reach them at .
How do I apply for housing at Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross 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 Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross primarily serves elderly residents. 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 Montgomery County, KY?+
For a 4-person household in Montgomery County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,500, Low Income (80% AMI): $44,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Mt Sterling, KY?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $647, 2-bedroom: $850. Actual rent at Mt. Sterling - Main Cross 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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