About This Property
Georgetown Terrace Phase II offers 16 low-income units in Georgetown, Kentucky, serving families with a mix of 13 two-bedroom and 3 three-bedroom apartments. The property has been in service since 1992 and continues to provide affordable housing options in Scott County.
Waitlist Information
Waitlist managed by Housing Authority of Georgetown
Preference is given to applicants living or working in Scott County, and to families with children, elderly, and disabled individuals. Applications are accepted every Tuesday between 9 am – 12 pm.
The HCV waiting list closed effective April 15, 2025, due to a high volume of applicants, and will remain closed until further notice. Income limits apply for all programs.
Waitlist data provided by section8waitlist.org
Updated June 16, 2026
Property Details
Fair Market Rent - Scott 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 | $802 |
| 1 Bedroom | $983 |
| 2 Bedroom | $1,177 |
| 3 Bedroom | $1,599 |
| 4 Bedroom | $1,807 |
Income Limits - Scott County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,900
- Very Low (50%)
- $26,450
- Low (80%)
- $42,300
- Extremely Low (30%)
- $18,150
- Very Low (50%)
- $30,200
- Low (80%)
- $48,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,750
- Low (80%)
- $60,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,800
- Low (80%)
- $65,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,800
- Low (80%)
- $70,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,850
- Low (80%)
- $74,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,850
- Low (80%)
- $79,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,900 | $26,450 | $42,300 |
| 2 Persons | $18,150 | $30,200 | $48,350 |
| 3 Persons | $21,960 | $34,000 | $54,400 |
| 4 Persons | $26,500 | $37,750 | $60,400 |
| 5 Persons | $31,040 | $40,800 | $65,250 |
| 6 Persons | $35,580 | $43,800 | $70,100 |
| 7 Persons | $40,120 | $46,850 | $74,900 |
| 8 Persons | $44,660 | $49,850 | $79,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Georgetown, KY?+
The Fair Market Rent (FMR) for Scott County, KY is: $802 (Studio), $983 (1BR), $1177 (2BR), $1599 (3BR), $1807 (4BR). Actual rent at subsidized properties like Georgetown Terrace Phase Ii is typically 30% of household income or less.
What size apartments are available at Georgetown Terrace Phase Ii?+
Georgetown Terrace Phase Ii offers the following unit types: 13 Two-Bedroom, 3 Three-Bedroom units, for a total of 16 units.
Who is eligible to live at Georgetown Terrace Phase Ii?+
Georgetown Terrace Phase Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Georgetown, KY?+
Based on Fair Market Rent for Scott County, the estimated price range is: 2-bedroom: $1177, 3-bedroom: $1599. Actual rent at Georgetown Terrace Phase Ii may be lower for income-eligible households.
How do I apply for housing at Georgetown Terrace Phase Ii?+
Georgetown Terrace Phase Ii 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.
Is there a waitlist for Georgetown Terrace Phase Ii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Scott County, KY?+
For a 4-person household in Scott County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,750, Low Income (80% AMI): $60,400. These limits are set by HUD and updated annually.
Who manages Georgetown Terrace Phase Ii?+
Georgetown Terrace Phase Ii is managed by . You can reach them at .
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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