About This Property
Mt. Sterling - Main Cross comprises 51 low-income units in Mt. Sterling, Kentucky, serving elderly residents. The community, placed in service in 2013, offers a unit mix of 28 one-bedroom and 23 two-bedroom apartments.
Property Details
Fair Market Rent - Montgomery 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 | $616 |
| 1 Bedroom | $647 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,167 |
| 4 Bedroom | $1,171 |
Income Limits - Montgomery County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,250
- Low (80%)
- $30,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,000
- Low (80%)
- $35,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,750
- Low (80%)
- $39,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $29,700
- Very Low (50%)
- $29,700
- Low (80%)
- $47,550
- Extremely Low (30%)
- $31,900
- Very Low (50%)
- $31,900
- Low (80%)
- $51,050
- Extremely Low (30%)
- $34,100
- Very Low (50%)
- $34,100
- Low (80%)
- $54,600
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,250 | $30,800 |
| 2 Persons | $17,420 | $22,000 | $35,200 |
| 3 Persons | $21,960 | $24,750 | $39,600 |
| 4 Persons | $26,500 | $27,500 | $44,000 |
| 5 Persons | $29,700 | $29,700 | $47,550 |
| 6 Persons | $31,900 | $31,900 | $51,050 |
| 7 Persons | $34,100 | $34,100 | $54,600 |
| 8 Persons | $36,300 | $36,300 | $58,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mt Sterling, KY?+
The Fair Market Rent (FMR) for Montgomery County, KY is: $616 (Studio), $647 (1BR), $850 (2BR), $1167 (3BR), $1171 (4BR). Actual rent at subsidized properties like Mt. Sterling - Main Cross is typically 30% of household income or less.
What size apartments are available at Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross offers the following unit types: 28 One-Bedroom, 23 Two-Bedroom units, for a total of 51 units.
What are the income limits for affordable housing in Montgomery County, KY?+
For a 4-person household in Montgomery County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,500, Low Income (80% AMI): $44,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Mt Sterling, KY?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $647, 2-bedroom: $850. Actual rent at Mt. Sterling - Main Cross may be lower for income-eligible households.
Who is eligible to live at Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross 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 Mt. Sterling - Main Cross?+
Mt. Sterling - Main Cross is managed by . You can reach them at .
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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