About This Property
Booneville Homes, Ltd. offers 32 two-bedroom units designated for low-income households in Booneville, Kentucky. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. Management and leasing inquiries can be directed to the property contact.
Property Details
Fair Market Rent - Owen 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 | $649 |
| 1 Bedroom | $681 |
| 2 Bedroom | $895 |
| 3 Bedroom | $1,135 |
| 4 Bedroom | $1,217 |
Income Limits - Owen County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Booneville, KY?+
The Fair Market Rent (FMR) for Owen County, KY is: $649 (Studio), $681 (1BR), $895 (2BR), $1135 (3BR), $1217 (4BR). Actual rent at subsidized properties like Booneville Homes, Ltd. is typically 30% of household income or less.
What size apartments are available at Booneville Homes, Ltd.?+
Booneville Homes, Ltd. offers the following unit types: 32 Two-Bedroom units, for a total of 32 units.
Who manages Booneville Homes, Ltd.?+
Booneville Homes, Ltd. is managed by . You can reach them at .
What is the price range for apartments in Booneville, KY?+
Based on Fair Market Rent for Owen County, the estimated price range is: 2-bedroom: $895. Actual rent at Booneville Homes, Ltd. may be lower for income-eligible households.
How do I apply for housing at Booneville Homes, Ltd.?+
Booneville Homes, 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.
What are the income limits for affordable housing in Owen County, KY?+
For a 4-person household in Owen County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
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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