About This Property
Townhomes of Grayson comprises 32 low-income townhomes in Grayson, Kentucky, with a unit mix of sixteen 2-bedroom and sixteen 3-bedroom homes. The property was placed in service in 1998 and utilizes 4% Low-Income Housing Tax Credits. The community serves residents in Carter County.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Carter 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 | $643 |
| 1 Bedroom | $647 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,128 |
| 4 Bedroom | $1,132 |
Income Limits - Carter County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,450
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $31,500
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $35,850
- Low (80%)
- $57,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,750 | $34,800 |
| 3 Persons | $21,960 | $24,450 | $39,150 |
| 4 Persons | $26,500 | $27,150 | $43,450 |
| 5 Persons | $29,350 | $29,350 | $46,950 |
| 6 Persons | $31,500 | $31,500 | $50,450 |
| 7 Persons | $33,700 | $33,700 | $53,900 |
| 8 Persons | $35,850 | $35,850 | $57,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grayson, KY?+
The Fair Market Rent (FMR) for Carter County, KY is: $643 (Studio), $647 (1BR), $850 (2BR), $1128 (3BR), $1132 (4BR). Actual rent at subsidized properties like Townhomes of Grayson is typically 30% of household income or less.
What size apartments are available at Townhomes of Grayson?+
Townhomes of Grayson offers the following unit types: 16 Two-Bedroom, 16 Three-Bedroom units, for a total of 32 units.
What is the HUD inspection score for Townhomes of Grayson?+
Townhomes of Grayson has a HUD inspection score of 90 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Townhomes of Grayson?+
Townhomes of Grayson 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.
Who manages Townhomes of Grayson?+
Townhomes of Grayson is managed by . You can reach them at .
What are the income limits for affordable housing in Carter County, KY?+
For a 4-person household in Carter County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,150, Low Income (80% AMI): $43,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Grayson, KY?+
Based on Fair Market Rent for Carter County, the estimated price range is: 2-bedroom: $850, 3-bedroom: $1128. Actual rent at Townhomes of Grayson may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
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