About This Property
Ridgewood Apartments offers 40 low-income units in Franklin, Kentucky, with a mix of 32 two-bedroom and 8 three-bedroom floor plans. The property has been in service since 2003 and is financed through 4% Low-Income Housing Tax Credits. Management services are available through the contact information provided for current and prospective residents.
Waitlist Information
Waitlist managed by Housing Authority of Franklin
Preferences are given for applicants who are working or live and/or work in Franklin. All adult household members must be present when applying, bringing Social Security cards and birth certificates for all household members, proof of all income, and photo IDs for all adult household members.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
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 |
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 Ridgewood Apartments is typically 30% of household income or less.
What size apartments are available at Ridgewood Apartments?+
Ridgewood Apartments offers the following unit types: 32 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
Is there a waitlist for Ridgewood Apartments?+
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.
How do I apply for housing at Ridgewood Apartments?+
Ridgewood 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 Franklin, KY?+
Based on Fair Market Rent for Simpson County, the estimated price range is: 2-bedroom: $1000, 3-bedroom: $1336. Actual rent at Ridgewood Apartments 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.
Who manages Ridgewood Apartments?+
Ridgewood Apartments is managed by . You can reach them at .
What is the HUD inspection score for Ridgewood Apartments?+
Ridgewood Apartments has a HUD inspection score of 82 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Walk Score
Almost All Errands Require a Car
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