About This Property
Town Branch Apartments offers 24 one-bedroom units designed for low-income households in Mt. Vernon, Kentucky. The property has been in service since 1995 and utilizes 4% Low-Income Housing Tax Credits to maintain affordability. All 24 units serve eligible low-income residents.
Property Details
Fair Market Rent - Rockcastle 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 | $1,130 |
| 4 Bedroom | $1,156 |
Income Limits - Rockcastle 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 Mt Vernon, KY?+
The Fair Market Rent (FMR) for Rockcastle County, KY is: $616 (Studio), $647 (1BR), $850 (2BR), $1130 (3BR), $1156 (4BR). Actual rent at subsidized properties like Town Branch Apartments is typically 30% of household income or less.
What size apartments are available at Town Branch Apartments?+
Town Branch Apartments offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
Who manages Town Branch Apartments?+
Town Branch Apartments is managed by . You can reach them at .
What are the income limits for affordable housing in Rockcastle County, KY?+
For a 4-person household in Rockcastle 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.
How do I apply for housing at Town Branch Apartments?+
Town Branch 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.
What is the price range for apartments in Mt Vernon, KY?+
Based on Fair Market Rent for Rockcastle County, the estimated price range is: 1-bedroom: $647. Actual rent at Town Branch 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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