Low Income Apartments For Rent in Hollyvilla, KY

Rental assistance programs support 109 low-income homes in Hollyvilla where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 29th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Hollyvilla, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority	Programs
Louisville Metro Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Moving to Work; Veteran Affairs Supportive Housing (VASH)

Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Hollyvilla.

Hollyvilla, Kentucky Affordable Housing Data

Income Based Apartments in Hollyvilla, Kentucky

Hollyvilla features 109 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Hollyvilla, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hollyvilla.

Housing Choice Vouchers in Hollyvilla, Kentucky

On average, Section 8 Housing Choice vouchers pay Hollyvilla landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hollyvilla.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hollyvilla, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.

2024 Hollyvilla, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Hollyvilla, Kentucky Fair Market Rent	$976	$1,077	$1,301	$1,701	$1,955
Hollyvilla, Kentucky Payment Standard Range	$878 to $1,074	$969 to $1,185	$1,171 to $1,431	$1,531 to $1,871	$1,760 to $2,151

Sourced from federal housing data and AffordableHousingOnline.com research.

Hollyvilla, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 109

Total Housing Units with Rental Assistance 109

Percentage of Housing Units Occupied By Renters 6.1%

Average Renter Household Size 3.60

Average Household Size 2.59

Median Household Income $37,500 ±$10,555

Median Rent $925 ±$79

Percentage Of Renters Overburdened 30% ± 193.19pp

Total Population 424

Total Affordable Apartment Properties	2
Total Low Income Apartments	109
Total Housing Units with Rental Assistance	109
Percentage of Housing Units Occupied By Renters	6.1%
Average Renter Household Size	3.60
Average Household Size	2.59
Median Household Income	$37,500 ±$10,555
Median Rent	$925 ±$79
Percentage Of Renters Overburdened	30% ± 193.19pp
Total Population	424

Population and Household Demographics

Hollyvilla is a city in Jefferson County, Kentucky with a population of 424. There are 164 households in the city with an average household size of 2.59 persons. 6.1% of households in Hollyvilla are renters.

Income and Rent Overburden in Hollyvilla

The median gross income for households in Hollyvilla is $37,500 a year, or $3,125 a month. The median rent for the city is $925 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hollyvilla, a household making less than $3,083 a month would be considered overburdened when renting an apartment at or above the median rent. 30% of households who rent are overburdened in Hollyvilla.

Area Median Income In Hollyvilla

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hollyvilla, the AMI is calculated from all households within Jefferson County.

In Hollyvilla, HUD calculates the Area Median Income for a family of four as $89,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Hollyvilla

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Hollyvilla

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Hollyvilla AMI may qualify for rental assistance programs that target Extremely Low Income households.	$18,850	$21,550	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Hollyvilla AMI may qualify for rental assistance programs that target Very Low Income households.	$31,400	$35,900	$40,400	$44,850	$48,450	$52,050	$55,650	$59,250
80% AMI Income Limits Renters earning up to 80% of the Hollyvilla AMI may qualify for rental assistance programs that target Low Income households.	$50,250	$57,400	$64,600	$71,750	$77,500	$83,250	$89,000	$94,750