About This Property
Owsley Assisted Living comprises 12 one-bedroom units serving low-income families in Booneville, Kentucky. The property was placed in service in 2000 and operates under 4% Low-Income Housing Tax Credit financing. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Owsley 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 | $1,151 |
| 4 Bedroom | $1,156 |
Income Limits - Owsley 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 Booneville, KY?+
The Fair Market Rent (FMR) for Owsley County, KY is: $616 (Studio), $663 (1BR), $850 (2BR), $1151 (3BR), $1156 (4BR). Actual rent at subsidized properties like Owsley Assisted Living is typically 30% of household income or less.
What size apartments are available at Owsley Assisted Living?+
Owsley Assisted Living offers the following unit types: 12 One-Bedroom units, for a total of 12 units.
Who is eligible to live at Owsley Assisted Living?+
Owsley Assisted Living 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 Owsley Assisted Living?+
Owsley Assisted Living 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.
What is the price range for apartments in Booneville, KY?+
Based on Fair Market Rent for Owsley County, the estimated price range is: 1-bedroom: $663. Actual rent at Owsley Assisted Living may be lower for income-eligible households.
Who manages Owsley Assisted Living?+
Owsley Assisted Living is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Owsley County, KY?+
For a 4-person household in Owsley 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.
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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