Affordable & Low-Income Housing in Richmond, KY 40476
1 affordable building in 40476 · 20 more within 12 mi
Richmond, KY 40476 has 1 income-restricted building: 1 tax credit and 1 senior. 20 more are listed within 12 miles. These lists don't show openings — call to ask about vacancies and waiting lists.
In 40476
No buildings in 40476 match this filter.
Nearby
B E Willis Manor
502 Ellis Ct, Richmond, KY 40475
0.4 mi away
186 units · 1–3 BR
- Apply through Housing Authority of Richmond
- Residents waited about 8 months to move in (HUD, Oct 2026)
Richmond Manor Apartments
743B N Third St, Richmond, KY 40475
0.5 mi away
138 units · 132 income-restricted · 1–4+ BR
Smith Village
414 Smith Vlg Apt A, Richmond, KY 40475
0.8 mi away
105 units · 1–3 BR
- Apply through Housing Authority of Richmond
- Residents waited about 12 months to move in (HUD, Oct 2026)
Bivins Place
1019 Danielle Court, Richmond, KY 40475
0.8 mi away
11 units · 10 income-restricted · 1 BR · People with disabilities
Glades Village
192 Glades Rd, Berea, KY 40403
11.2 mi away
76 units · 1–3 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Clay Fee Homes
111 Rogers St, Berea, KY 40403
12.3 mi away
60 units · 1–3 BR
- Apply through Housing Authority of Berea
- Residents waited about 19 months to move in (HUD, Oct 2026)
Silver Creek
100 Miracle St, Berea, KY 40403
12.4 mi away
60 units · 1–3 BR
- 2 vacant units reported (Oct 2026) — call to confirm
Sugar Mill Hope VI Apartments
Versailles Road, Lexington, KY 40404
12.6 mi away
61 units · 60 income-restricted · 1–3 BR
No nearby buildings match this filter.
Rents and income limits in 40476
- Fair market rent, 2 bedrooms
- $990/mo
- Income needed to pay it at 30% of income
- $39,600/yr
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 | 40476 | Wider area |
|---|---|---|
| Studio | $690 | $691 |
| 1 bedroom | $860 | $859 |
| 2 bedrooms | $990 | $993 |
| 3 bedrooms | $1,370 | $1,375 |
| 4 bedrooms | $1,600 | $1,600 |
Wider area = Madison County, KY. Two-bedroom fair market rents in 4 nearby ZIPs range from $940 (40404) to $1,030 (40475).
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures). 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 40476's fair market rent.
Estimate your Section 8 rent share for 40476Frequently Asked Questions
Is there Section 8 housing in Richmond, KY 40476?
Yes — this directory lists income-restricted buildings in Richmond, KY 40476, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Richmond, KY 40476 have openings?
These lists for Richmond, KY 40476 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Richmond, KY 40476?
Use the phone number on each building card in Richmond, KY 40476. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Richmond, KY 40476?
In Richmond, KY 40476, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 40476?
This directory lists 1 income-restricted building in Richmond, KY 40476. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.
Is there affordable housing near 40476?
Yes — this page also lists 20 income-restricted buildings in ZIP codes near Richmond, KY 40476 (within about 12 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Richmond, KY 40476?
Most income-restricted buildings in Richmond, KY 40476 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 Richmond, KY 40476?
For many programs in Richmond, KY 40476, 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 long is the waiting list for Section 8 in Richmond, KY 40476?
There is no single waiting list for Richmond, KY 40476. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Richmond, KY 40476?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. This page lists tax-credit apartments in Richmond, KY 40476. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Richmond, KY 40476?
In public housing and most Section 8 in Richmond, KY 40476, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Richmond, KY 40476 is $990 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.
Can I use a Section 8 voucher at affordable apartments in Richmond, KY 40476?
A Housing Choice Voucher is not automatically accepted at every building in Richmond, KY 40476. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Richmond, KY 40476?
Yes — this directory flags senior (often 62+) buildings in Richmond, KY 40476. Use the Seniors filter on the list. Age rules vary; call to confirm.
Nearby ZIP codes
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.
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