About This Property
Adair Family Apartments comprises 12 low-income units in Owenton, Kentucky, with a mix of eight 2-bedroom units available to families. The property has been in service since 1993 and operates under 4% Low-Income Housing Tax Credit (LIHTC) financing. This community provides affordable rental housing in Owen County.
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 Owenton, 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 Adair Family Apartments is typically 30% of household income or less.
What size apartments are available at Adair Family Apartments?+
Adair Family Apartments offers the following unit types: 8 Two-Bedroom units, for a total of 12 units.
Who is eligible to live at Adair Family Apartments?+
Adair Family Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Adair Family Apartments?+
Adair Family 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.
Who manages Adair Family Apartments?+
Adair Family Apartments is managed by . You can reach them at .
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.
What is the price range for apartments in Owenton, KY?+
Based on Fair Market Rent for Owen County, the estimated price range is: 2-bedroom: $895. Actual rent at Adair Family Apartments 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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