About This Property
Wood Hill Apartments comprises 24 one-bedroom units in Mt. Sterling, Kentucky and serves low-income households through the Low-Income Housing Tax Credit program. The property was placed in service in 1993 and operates under 4% LIHTC financing. Units are currently available for eligible households in Montgomery County.
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 Wood Hill Apartments is typically 30% of household income or less.
What size apartments are available at Wood Hill Apartments?+
Wood Hill Apartments offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
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. Actual rent at Wood Hill Apartments may be lower for income-eligible households.
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.
How do I apply for housing at Wood Hill Apartments?+
Wood Hill Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 manages Wood Hill Apartments?+
Wood Hill Apartments is managed by . You can reach them at . Visit their website for more information.
Contact Information
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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