Towne Commons is a community of apartments in Elizabethtown, Kentucky. They offer spacious one, two, and three-bedroom apartments filled to the brim with must-have amenities, including an in-home washer and dryer, ample closet space, and fully-equipped kitchens. They also have a playground, a picnic area, a theatre room, and a central location minutes from restaurants, shopping centers, medical facilities, Veteran's Park, Freeman Lake, and Historic Downtown Elizabethtown.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
3 Bedroom (3/2) | 1187 | Call for Price |
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 Elizabethtown but actual income limits may differ for units at Towne Mall Commons.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $27,050 | $30,900 | $34,750 | $38,600 | $41,700 | $44,800 |
Low Income (60%) | $32,460 | $37,080 | $41,700 | $46,320 | $50,040 | $53,760 |
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.