Lincoln Terrace Apartments

120 Star Ave., Stanford, Kentucky 40484

Contact Lincoln Terrace Apartments

Lincoln Terrace Apartments offers 1 to 2 bedroom apartments ranging in size from 581 to 727 sq.ft. For more information, please contact their management office.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	581	Income Based
2 Bedrooms (2/1)	658	Income Based

Eligibility for Lincoln Terrace Apartments

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 Stanford but actual income limits may differ for units at Lincoln Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$22,500	$25,700	$28,900	$32,100
Low Income (60%)	$27,000	$30,840	$34,680	$38,520

Lincoln Terrace Apartments Details

48 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
State or Local Program

Property Amenities

On-Site Manager
On-Site Maintenance
Laundry Facilities

Unit Amenities

Air Conditioning
Cable Ready
Refrigerator
Oven and Range
Energy Efficient Appliances
Large Closets

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-4:00pm
Thursday	9:00am-4:00pm
Friday	9:00am-4:00pm

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 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.