Locust Ridge Apartments

275 McCoy Road, Dry Ridge, Kentucky 41035

Contact Locust Ridge Apartments

Locust Ridge, in Dry Ridge, Kentucky, features 72, one-, two- and three-bedroom, handicapped-accessible, landscaped garden apartments and townhomes. All of the apartments and townhomes are cable and Internet ready and have window coverings, air conditioning. Emergency call system available in one bedroom units. Residents at Locust Ridge have access to a community room, a playground, off-street parking and an on-site laundry facility. Lawn care, garbage pickup and maintenance are included. It is in the Grant County School District.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1.5)	-	Call for Price

Eligibility for Locust Ridge Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Dry Ridge but actual income limits may differ for units at Locust Ridge Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$14,580	$19,720	$24,860	$30,000	$35,140	$38,500
50%	$23,250	$26,550	$29,850	$33,150	$35,850	$38,500
80%	$37,150	$42,450	$47,750	$53,050	$57,300	$61,550

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Dry Ridge but actual income limits may differ for units at Locust Ridge Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$23,250	$26,550	$29,850	$33,150	$35,850	$38,500

Locust Ridge Apartments Details

72 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Playground
Community Room
Off-Street Parking
Landscaping
On-Site Maintenance
Lawn Care
Laundry Facility

Unit Amenities

Air Conditioning
Handicapped Accessible
Cable Ready
Window Coverings
Trash Included
Cable & Internet Ready

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.