Replacement for Hydreco Village — Income-Restricted Housing in Olive Hill, KY 41164
501 Tygart St, Olive Hill, KY 41164
2 units
- Apply through Housing Authority of Olive Hill
Housing authority: (606) 286-4721Directions
How to apply
- Apply through Housing Authority of Olive Hill. They run this development and take applications.
- Call the housing authority at (606) 286-4721.
- These records do not show openings — call to confirm vacancies and waiting lists.
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Nearby income-restricted buildings
Hydreco Apartments
501 Tygart St, Olive Hill, KY 41164
0 mi away
46 units · 1–2 BR
- Apply through Housing Authority of Olive Hill
- Residents waited about 5 months to move in (HUD, Oct 2026)
Genesis Recovery Kentucky Center
Cw Stevens Boulevard, Grayson, KY 41143
10.8 mi away
46 units · 4+ BR
- Several buildings — call for addresses
Poplar Plains Apartments
McDavid Blvd., Grayson, KY 41143
10.8 mi away
35 units · 2–3 BR
- Affordability period may have ended — call to confirm
- Several buildings — call for addresses
River Run Apts.
303 Little Sandy Ln, Grayson, KY 41143
12.7 mi away
48 units · 1–2 BR
- 5 vacant units reported (Oct 2026) — call to confirm
Rents and income limits in 41164
- Fair market rent, 2 bedrooms
- $910/mo
- Income needed to pay it at 30% of income
- $36,400/yr
- Renters in 41164 paying 30% or more of income on rent
- 40%
Income limits (2026)
Carter County, KY area · median family income $71,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $15,960 | $25,200 | $40,250 |
| 2 | $21,640 | $28,800 | $46,000 |
| 3 | $27,320 | $32,400 | $51,750 |
| 4 | $33,000 | $35,950 | $57,500 |
| 5 | $38,680 | $38,850 | $62,100 |
| 6 | $41,750 | $41,750 | $66,700 |
| 7 | $44,600 | $44,600 | $71,300 |
| 8 | $47,500 | $47,500 | $75,900 |
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 | 41164 | Wider area |
|---|---|---|
| Studio | $730 | $745 |
| 1 bedroom | $750 | $749 |
| 2 bedrooms | $910 | $909 |
| 3 bedrooms | $1,250 | $1,246 |
| 4 bedrooms | $1,380 | $1,285 |
Wider area = Carter County, KY. Two-bedroom fair market rents in 4 nearby ZIPs range from $910 (41142) to $1,000 (41143).
Census figures for 41164 (2020–2024 average): median rent $521. Median household income $53,579. 14% of homes are rented. 40% of renters pay 30% or more of their income on rent, and 17% 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 41164's fair market rent.
Estimate your Section 8 rent share for 41164Frequently Asked Questions
How do I apply to Replacement for Hydreco Village?
Apply through Housing Authority of Olive Hill, which runs Replacement for Hydreco Village. Call (606) 286-4721. Do not treat a walk-up at the building as the application. These records do not show openings.
Is Replacement for Hydreco Village Section 8 housing?
Replacement for Hydreco Village is public housing, not a project-based Section 8 contract. Apply with the housing authority. A Housing Choice Voucher is a separate program.
How many units are at Replacement for Hydreco Village?
Public records list 2 units at Replacement for Hydreco Village in Olive Hill, KY 41164. That is a building size, not a count of open apartments.
Are there other affordable apartments near Replacement for Hydreco Village?
Yes — this page lists other income-restricted buildings in 41164 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 Replacement for Hydreco Village?
Call the number on this page and ask about the waiting list or how to apply at Replacement for Hydreco Village in Olive Hill, KY 41164. 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 Olive Hill, KY 41164?
Most income-restricted buildings in Olive Hill, KY 41164 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 $25,200, and $35,950 for a 4-person household. Public housing can go up to 80% ($40,250 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 Olive Hill, KY 41164?
For many programs in Olive Hill, KY 41164, the 2026 HUD very low-income (50%) limit is $25,200 a year for 1 person and $35,950 for 4 people. The low-income (80%) limit is $40,250 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 Olive Hill, KY 41164?
In public housing and most Section 8 in Olive Hill, KY 41164, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Olive Hill, KY 41164 is $910 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 Replacement for Hydreco Village take Section 8 vouchers?
This file does not say that Replacement for Hydreco Village has a project-based Section 8 contract. Some landlords in Olive Hill, KY 41164 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Replacement for Hydreco Village.
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. To add a different building, use the suggestion rubric.