2024	Median Family Income	2024 Yearly Income Limit	2024 Yearly Income Limit - Person(s) in Family
Income Limits		Category	1	2	3	4	5
Boone County, KY	$104,800	Very Low Income (50%)	$36,700	$41,950	$47,200	$52,400	$56,600
Extremely Low Income (30%)	$22,050	$25,200	$28,350	$31,450	$36,580
Low Income (80%)	$58,700	$67,100	$75,500	$83,850	$90,600

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HUD Housing Low Income Tax Credit (LIHTC) Properties In Florence, KY

Listed below are the Section 42, LIHTC apartments in Florence, KY. LIHTC apartment rents are not based on the tenants income. Income credit set aside brackets are selected during the apartment credit applications are used to determine the apartment rents.

The rents are based upon the Area Medium Income (AMI) and tenant based utility allowances. At least 20% of these apartments (listed below), must provide these low rates for low-income tenants.

HUD housing LIHTC Eligibility Requirements

Income: Households must earn below a certain income level, which is set by the HUD and varies by location. In general, households must earn below 60% of the area median income (AMI) to be eligible for LIHTC housing.
Citizenship or residency status: Households must be U.S. citizens or legal permanent residents.
Need for housing assistance: Households must have a demonstrated need for housing assistance. This means that they must be unable to afford housing on their own.

In addition to the above requirements, some LIHTC properties may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for LIHTC housing, you can contact your local housing authority (listed above) or search for LIHTC properties (listed below).

LIHTC Maximum Rents

The maximum allowable rents are equal to 30% of the Area Medium Income (AMI), less the utility allowances.

HUD Fair Market Rents for Florence, KY Boone County

Apartment Size	HUD's Monthly Fair Market Rent For Area	LIHTC Maximum Rent
Studio Apartments	$810	Estimated $243.00 - utility allowance
One Bedroom Apartments	$919	Estimated $275.70 - utility allowance
Two Bedroom Apartments	$1195	Estimated $358.50 - utility allowance
Three Bedroom Apartments	$1588	Estimated $476.40 - utility allowance

Available LIHTC Properties In Florence, KY

Using the table above you can estimate what you would be paying by checking the LIHTC Maximum Rent section.

Contact these properties for openings and wait lists and price lists.

Greens Of Turfway Townhomes

6058 Celtic Ash Ave
Florence, KY - 41042
Total Apartment Units: 88
Total Apartment Low Income Apartments: 88
3 Bedroom apartments 87
Years In Service Since: 1992
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Panorama Plus Apartments, Ltd

Old Toll Rd.
Florence, KY - 41042
Total Apartment Units: 60
Total Apartment Low Income Apartments: 60
1 Bedroom apartments 60
Years In Service Since: 1999
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Arcadia Park Apartments Phase Iii

Christian Dr.
Florence, KY - 41042
Total Apartment Units: 60
Total Apartment Low Income Apartments: 60
1 Bedroom apartments 44
4 Bedroom apartments 16
Years In Service Since: 2005
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Arcadia Park Apartments, Phase I And Ii

Christian Drive
Florence, KY - 41042
Total Apartment Units: 155
Total Apartment Low Income Apartments: 155
1 Bedroom apartments 154
4 Bedroom apartments 1
Years In Service Since: 2005
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Brighton Recovery Center

Weaver Rd
Florence, KY - 41042
Total Apartment Units: 38
Total Apartment Low Income Apartments: 38
1 Bedroom apartments 38
Years In Service Since: 2008
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Wynnbrook Pines (wildewood Apartments)

Wynnbrook Drive
Florence, KY - 41042
Total Apartment Units: 96
3 Bedroom apartments 96
Years In Service Since: 2011
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Magnolia Glen Fka Ridgewood North

Memory Lane
Florence, KY - 41042
Total Apartment Units: 60
Total Apartment Low Income Apartments: 60
2 Bedroom apartments 45
3 Bedroom apartments 15
Years In Service Since: 2013
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

HUD Housing Section 8 and Multifamily Properties in Florence, KY

The US Department of Housing and Urban Development provides active listings of Section 8 and Multifamily apartments. We have listed them below for you to contact. Check with them to see if they have current availabilities and/or waiting lists. With Section 8 properties, you will need a voucher. Contact the Boone County Public Housing Authorities, listed at the top of this page.

Eligibility for HUD Housing Section 8, you must meet the following requirements:

Income: Your income must be below a certain level, which is set by the HUD and varies by location. In general, households must earn below 50% of the area median income (AMI) to be eligible for Section 8 housing.
Citizenship or residency status: You must be a U.S. citizen or legal permanent resident.
Need for housing assistance: You must have a demonstrated need for housing assistance. This means that you must be unable to afford housing on your own.

In addition to the above requirements, some Section 8 programs may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for Section 8 housing, you can contact your local Public Housing Authority (listed above). The Public Housing Authorities can provide you with information on the application process and help you determine if you are eligible for Section 8 assistance.

Tips To Get In To Section 8 Housing:

Local Rules: Each local housing authority has different rules around Section 8. Decide where you want to live and find the housing authorities in charge of those neighborhoods.
Applying for a Voucher: Contact your local Public Housing Agency (PHA) to apply for a voucher. They can tell you if they’re currently accepting new applicants and provide application details.
Payment Standards: Section 8 doesn’t specify a fixed dollar amount for rent assistance. Instead, the PHA sets a payment standard based on local housing market rates.

Arcadia Park Apartments I & Ii

100-200 Christian Drive
Florence, KY - 41042
Phone: 859-594-4140
Total Apartment Units: 154
Type of Listing: Insured-Subsidized

Voa/orv Morningside Drive

6742 Hopeful Road
Florence, KY - 41042
Phone: 859-372-5600
Total Apartment Units: 4
Type of Listing: 202/811

Section 202 Supportive Housing for the Elderly Program
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy.
Section 811 - Supportive Housing for Persons with Disabilities
The Section 811 program allows persons with disabilities to live as independently as possible in the community by subsidizing rental housing

Arcadia Park Apartments Iii

300 Christian Dr
Florence, KY - 41042
Phone: 859-594-4140
Total Apartment Units: 60
Type of Listing: Insured-Subsidized

Aldersgate Apartments

8551 Aldersgate Street
Florence, KY - 41042
Phone: 859-282-1180
Total Apartment Units: 40
Type of Listing: 202/811

Section 202 Supportive Housing for the Elderly Program
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy.
Section 811 - Supportive Housing for Persons with Disabilities
The Section 811 program allows persons with disabilities to live as independently as possible in the community by subsidizing rental housing

Dixie Apartments

7825 Riehl Dr
Florence, KY - 41042
Phone: 859-525-1207
Total Apartment Units: 72
Type of Listing: Subsidized - Previously Insure

Voa/orv-hopeful Road, Inc.

6772 Hopeful Rd
Florence, KY - 41042
Phone: 859-261-0909
Total Apartment Units: 8
Type of Listing: Subsidized - Previously 202/81

Section 202 Supportive Housing for the Elderly Program
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy.

Qualifying For HUD Housing Section 8 Vouchers In Florence, KY

HUD Housing eligibility is determined by the Boone County Public Housing Authority.

HUD Income Limits 2024 in Florence, KY.