FRIENDSHIP HOUSE - CORBIN

1365 MASTER ST, Corbin, Kentucky 40701

This independent living apartments offer you all the comforts of your own, fully equipped, one-bedroom apartment home, with the extra benefits of 24-hour security, midday meal services, group lounges and social events. And you needn’t worry that the amenities of their apartment community are out of your financial reach. Rent subsidies are available – making our apartment homes very affordable.

Legacy 202 (elderly/disabled)

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price

Eligibility for FRIENDSHIP HOUSE - CORBIN

FRIENDSHIP HOUSE - CORBIN Details

41 one bedroom units.
FHA Mortgage Insurance/subsidy
Low-Income Housing Tax Credit (LIHTC)
Section 202 Supportive Housing for the Elderly
Section 221 (d) (3)

Property Amenities

Community Room
Lawn Care
Barber Shop and Beauty Salon
Laundry Facility

Unit Amenities

Refrigerator
Water Trash and Sewer Included
Stove

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.