About This Property
Joshua Place comprises 24 two-bedroom units designated for low-income households in Franklin, Kentucky. The property was placed in service in 2008 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. A non-profit entity owns and manages the community.
Waitlist Information
Waitlist managed by Housing Authority of Franklin
Preferences are given to applicants who are working or live and/or work in Franklin. Pre-applications are accepted for families and senior/disabled households.
Waitlist data provided by section8waitlist.org
Updated June 17, 2026
Property Details
Fair Market Rent - Simpson 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 | $725 |
| 1 Bedroom | $761 |
| 2 Bedroom | $1,000 |
| 3 Bedroom | $1,336 |
| 4 Bedroom | $1,359 |
Income Limits - Simpson County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,450
- Low (80%)
- $34,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,500
- Low (80%)
- $39,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,050
- Low (80%)
- $52,900
- Extremely Low (30%)
- $35,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $37,950
- Very Low (50%)
- $37,950
- Low (80%)
- $60,700
- Extremely Low (30%)
- $40,400
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,450 | $34,300 |
| 2 Persons | $17,420 | $24,500 | $39,200 |
| 3 Persons | $21,960 | $27,550 | $44,100 |
| 4 Persons | $26,500 | $30,600 | $48,950 |
| 5 Persons | $31,040 | $33,050 | $52,900 |
| 6 Persons | $35,500 | $35,500 | $56,800 |
| 7 Persons | $37,950 | $37,950 | $60,700 |
| 8 Persons | $40,400 | $40,400 | $64,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, KY?+
The Fair Market Rent (FMR) for Simpson County, KY is: $725 (Studio), $761 (1BR), $1000 (2BR), $1336 (3BR), $1359 (4BR). Actual rent at subsidized properties like Joshua Place is typically 30% of household income or less.
What size apartments are available at Joshua Place?+
Joshua Place offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Franklin, KY?+
Based on Fair Market Rent for Simpson County, the estimated price range is: 2-bedroom: $1000. Actual rent at Joshua Place may be lower for income-eligible households.
What are the income limits for affordable housing in Simpson County, KY?+
For a 4-person household in Simpson County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,600, Low Income (80% AMI): $48,950. These limits are set by HUD and updated annually.
How do I apply for housing at Joshua Place?+
Joshua Place 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 Joshua Place?+
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.
Who manages Joshua Place?+
Joshua Place is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
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