About This Property
Towne Creek Crossing comprises 44 low-income units in Walton, Kentucky, with a mix of one-, two-, and three-bedroom apartments serving families. The property was placed in service in 2019 and operates under 9% Low-Income Housing Tax Credit financing. Units include six one-bedroom, twenty-four two-bedroom, and thirteen three-bedroom floor plans.
Property Details
Fair Market Rent - Boone 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 | $810 |
| 1 Bedroom | $919 |
| 2 Bedroom | $1,195 |
| 3 Bedroom | $1,588 |
| 4 Bedroom | $1,766 |
Income Limits - Boone County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,950
- Very Low (50%)
- $29,900
- Low (80%)
- $47,850
- Extremely Low (30%)
- $20,500
- Very Low (50%)
- $34,200
- Low (80%)
- $54,650
- Extremely Low (30%)
- $23,050
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,550
- Low (80%)
- $79,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,950
- Low (80%)
- $84,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,400
- Low (80%)
- $90,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,950 | $29,900 | $47,850 |
| 2 Persons | $20,500 | $34,200 | $54,650 |
| 3 Persons | $23,050 | $38,450 | $61,500 |
| 4 Persons | $26,500 | $42,700 | $68,300 |
| 5 Persons | $31,040 | $46,150 | $73,800 |
| 6 Persons | $35,580 | $49,550 | $79,250 |
| 7 Persons | $40,120 | $52,950 | $84,700 |
| 8 Persons | $44,660 | $56,400 | $90,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Walton, KY?+
The Fair Market Rent (FMR) for Boone County, KY is: $810 (Studio), $919 (1BR), $1195 (2BR), $1588 (3BR), $1766 (4BR). Actual rent at subsidized properties like Towne Creek Crossing is typically 30% of household income or less.
What size apartments are available at Towne Creek Crossing?+
Towne Creek Crossing offers the following unit types: 6 One-Bedroom, 24 Two-Bedroom, 13 Three-Bedroom units, for a total of 44 units.
Who is eligible to live at Towne Creek Crossing?+
Towne Creek Crossing primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Towne Creek Crossing?+
Towne Creek Crossing is managed by . You can reach them at .
How do I apply for housing at Towne Creek Crossing?+
Towne Creek Crossing 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 Walton, KY?+
Based on Fair Market Rent for Boone County, the estimated price range is: 1-bedroom: $919, 2-bedroom: $1195, 3-bedroom: $1588. Actual rent at Towne Creek Crossing may be lower for income-eligible households.
What are the income limits for affordable housing in Boone County, KY?+
For a 4-person household in Boone County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,700, Low Income (80% AMI): $68,300. These limits are set by HUD and updated annually.
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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