Silver Creek — Income-Restricted Housing in Berea, KY 40403
100 Miracle St, Berea, KY 40403
60 units · 1–3 BR
- 2 vacant units reported (Oct 2026) — call to confirm
How to apply
- Managed by Winterwood Inc. USDA does not publish a phone number for this property.
- Find contact info on USDA's Multifamily Housing programs page.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1987
- Bedrooms
- 32 1 bedroom · 24 2 bedrooms · 4 3 bedrooms
- USDA rental assistance
- 43 units (tenant pays about 30% of income)
- Accessible units
- 4
- Managed by
- Winterwood Inc
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Nearby income-restricted buildings
Clay Fee Homes
111 Rogers St, Berea, KY 40403
1.4 mi away
60 units · 1–3 BR
- Apply through Housing Authority of Berea
- Residents waited about 19 months to move in (HUD, Oct 2026)
Glades Village
192 Glades Rd, Berea, KY 40403
1.4 mi away
76 units · 1–3 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Sugar Mill Hope VI Apartments
Versailles Road, Lexington, KY 40404
0.4 mi away
61 units · 60 income-restricted · 1–3 BR
Smith Village
414 Smith Vlg Apt A, Richmond, KY 40475
12.3 mi away
105 units · 1–3 BR
- Apply through Housing Authority of Richmond
- Residents waited about 12 months to move in (HUD, Oct 2026)
Rents and income limits in 40403
- Fair market rent, 2 bedrooms
- $940/mo
- Income needed to pay it at 30% of income
- $37,600/yr
- Renters in 40403 paying 30% or more of income on rent
- 45%
Income limits (2026)
Madison County, KY area · median family income $85,800. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $18,050 | $30,050 | $48,100 |
| 2 | $21,640 | $34,350 | $54,950 |
| 3 | $27,320 | $38,650 | $61,800 |
| 4 | $33,000 | $42,900 | $68,650 |
| 5 | $38,680 | $46,350 | $74,150 |
| 6 | $44,360 | $49,800 | $79,650 |
| 7 | $50,040 | $53,200 | $85,150 |
| 8 | $55,720 | $56,650 | $90,650 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 40403 | Wider area |
|---|---|---|
| Studio | $660 | $691 |
| 1 bedroom | $820 | $859 |
| 2 bedrooms | $940 | $993 |
| 3 bedrooms | $1,300 | $1,375 |
| 4 bedrooms | $1,500 | $1,600 |
Wider area = Madison County, KY. Two-bedroom fair market rents in 4 nearby ZIPs range from $910 (40460) to $1,030 (40475).
Census figures for 40403 (2020–2024 average): median rent $834. Median household income $61,771. 29% of homes are rented. 45% of renters pay 30% or more of their income on rent, and 27% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 40403's fair market rent.
Estimate your Section 8 rent share for 40403Frequently Asked Questions
How do I apply to Silver Creek?
No phone is listed for Silver Creek. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Silver Creek Section 8 housing?
Silver Creek is listed as income-restricted housing in Berea, KY 40403 (lihtc, usda). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Silver Creek?
Public records list 60 units at Silver Creek in Berea, KY 40403. That is a building size, not a count of open apartments.
Are there other affordable apartments near Silver Creek?
Yes — this page lists other income-restricted buildings in 40403 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Silver Creek?
Call the number on this page and ask about the waiting list or how to apply at Silver Creek in Berea, KY 40403. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Berea, KY 40403?
Most income-restricted buildings in Berea, KY 40403 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $30,050, and $42,900 for a 4-person household. Public housing can go up to 80% ($48,100 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Berea, KY 40403?
For many programs in Berea, KY 40403, the 2026 HUD very low-income (50%) limit is $30,050 a year for 1 person and $42,900 for 4 people. The low-income (80%) limit is $48,100 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Berea, KY 40403?
In public housing and most Section 8 in Berea, KY 40403, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Berea, KY 40403 is $940 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Silver Creek take Section 8 vouchers?
This file does not say that Silver Creek has a project-based Section 8 contract. Some landlords in Berea, KY 40403 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Silver Creek.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.