Farmdale Adult Citizens Towers is managed by Silver Tree Residential, LLC.
Farmdale Tower is a 105-unit Section 8 subsidized apartment community, located South East of Downtown Louisville, KY, just inside the 265 Interstate Loop. The building was original constructed in 1981 for residency by low-income Senior Citizens. Farmdale continues to serve that purpose today, having been granted an Elderly Designation by HUD under a long-term Housing Assistance Payment Contract. The physical features, as well as the grounds, have been lovingly and meticulously maintained throughout the life of the building.
Farmdale is the premier Section-8 community in Louisville. Its interior amenities include an administrative office on the first floor along with a large community/recreation room, community kitchen and dining area. Additionally, the lobby has a game room with a billiards table and an adjacent exercise room for the resident’s well-being. A Laundry Room is located on the first floor for the resident’s convenience. The community features one floorplan: a sizeable one bedroom apartment home, with utilities included in rent.
The hallways have handrails and are serviced by two elevators for ease of mobility between floors. We offer a bus service to transport residents to various locations on a weekly basis, and there is also a beauty salon on the first floor for the residents’ enjoyment. Farmdale Tower provides all of its residents: excellent accommodations, a professional on-site staff, 24-hour emergency maintenance response and a warm community to call home.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bed One Bath (1/1) | - | 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 a HUD rental assistance program in Louisville but actual income limits may differ for units at Farmdale Adult Citizens Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $18,850 | $21,550 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $31,400 | $35,900 | $40,400 | $44,850 | $48,450 | $52,050 | $55,650 | $59,250 |
80% | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 | $89,000 | $94,750 |
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.