Russell Emerging - a — Income-Restricted Housing in Louisville, KY 40203
S. 23rd Street, Louisville, KY 40203
14 units · 3 BR
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2001
- Income limit
- 50% AMI
- Bedrooms
- 24 3 bedrooms
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Nearby income-restricted buildings
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Rents and income limits in 40203
- Fair market rent, 2 bedrooms
- $1,030/mo
- Income needed to pay it at 30% of income
- $41,200/yr
- Renters in 40203 paying 30% or more of income on rent
- 58%
Income limits (2026)
Louisville, KY-IN area · median family income $99,000. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $20,800 | $34,650 | $55,450 |
| 2 | $23,800 | $39,600 | $63,400 |
| 3 | $27,320 | $44,550 | $71,300 |
| 4 | $33,000 | $49,500 | $79,200 |
| 5 | $38,680 | $53,500 | $85,550 |
| 6 | $44,360 | $57,450 | $91,900 |
| 7 | $50,040 | $61,400 | $98,250 |
| 8 | $55,720 | $65,350 | $104,550 |
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 | 40203 | Wider area |
|---|---|---|
| Studio | $790 | $976 |
| 1 bedroom | $850 | $1,058 |
| 2 bedrooms | $1,030 | $1,276 |
| 3 bedrooms | $1,310 | $1,629 |
| 4 bedrooms | $1,510 | $1,874 |
Wider area = Louisville, KY-IN. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,090 (40208) to $1,440 (40280).
Census figures for 40203 (2020–2024 average): median rent $809. Median household income $30,794. 75% of homes are rented. 58% 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 40203's fair market rent.
Estimate your Section 8 rent share for 40203Frequently Asked Questions
How do I apply to Russell Emerging - a?
No phone is listed for Russell Emerging - a. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Russell Emerging - a Section 8 housing?
Russell Emerging - a is listed as income-restricted housing in Louisville, KY 40203 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Russell Emerging - a?
Public records list 14 units at Russell Emerging - a in Louisville, KY 40203. That is a building size, not a count of open apartments.
Are there other affordable apartments near Russell Emerging - a?
Yes — this page lists other income-restricted buildings in 40203 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 Russell Emerging - a?
Call the number on this page and ask about the waiting list or how to apply at Russell Emerging - a in Louisville, KY 40203. 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 Louisville, KY 40203?
Most income-restricted buildings in Louisville, KY 40203 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 $34,650, and $49,500 for a 4-person household. Public housing can go up to 80% ($55,450 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 Louisville, KY 40203?
For many programs in Louisville, KY 40203, the 2026 HUD very low-income (50%) limit is $34,650 a year for 1 person and $49,500 for 4 people. The low-income (80%) limit is $55,450 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 Louisville, KY 40203?
In public housing and most Section 8 in Louisville, KY 40203, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Louisville, KY 40203 is $1,030 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 Russell Emerging - a take Section 8 vouchers?
This file does not say that Russell Emerging - a has a project-based Section 8 contract. Some landlords in Louisville, KY 40203 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Russell Emerging - a.
Sources: HUD LIHTC database, 2024 (released Apr 2026). Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.