About This Property
Wcms Training Project offers 15 low-income residential units in Frankfort, Kentucky, comprising two one-bedroom and ten two-bedroom apartments. The property utilizes 4% Low-Income Housing Tax Credits and serves households with qualifying income levels. This multi-unit development provides rental housing options for families and individuals in Franklin County.
Waitlist Information
Waitlist managed by Kentucky Housing Corporation-State Agency
The average wait time for the program, when open, could be three to five years.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Franklin 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 | $731 |
| 1 Bedroom | $831 |
| 2 Bedroom | $1,042 |
| 3 Bedroom | $1,373 |
| 4 Bedroom | $1,687 |
Income Limits - Franklin County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,150
- Very Low (50%)
- $25,200
- Low (80%)
- $40,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,900
- Low (80%)
- $62,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,150 | $25,200 | $40,350 |
| 2 Persons | $17,420 | $28,800 | $46,100 |
| 3 Persons | $21,960 | $32,400 | $51,850 |
| 4 Persons | $26,500 | $36,000 | $57,600 |
| 5 Persons | $31,040 | $38,900 | $62,250 |
| 6 Persons | $35,580 | $41,800 | $66,850 |
| 7 Persons | $40,120 | $44,650 | $71,450 |
| 8 Persons | $44,660 | $47,550 | $76,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Frankfort, KY?+
The Fair Market Rent (FMR) for Franklin County, KY is: $731 (Studio), $831 (1BR), $1042 (2BR), $1373 (3BR), $1687 (4BR). Actual rent at subsidized properties like Wcms Training Project is typically 30% of household income or less.
What size apartments are available at Wcms Training Project?+
Wcms Training Project offers the following unit types: 2 One-Bedroom, 10 Two-Bedroom units, for a total of 15 units.
What is the price range for apartments in Frankfort, KY?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $831, 2-bedroom: $1042. Actual rent at Wcms Training Project may be lower for income-eligible households.
Is there a waitlist for Wcms Training Project?+
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.
What are the income limits for affordable housing in Franklin County, KY?+
For a 4-person household in Franklin County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,000, Low Income (80% AMI): $57,600. These limits are set by HUD and updated annually.
Who manages Wcms Training Project?+
Wcms Training Project is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Wcms Training Project?+
Wcms Training Project is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 is eligible to live at Wcms Training Project?+
Wcms Training Project primarily serves UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Location
Franklin County, KY
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