Somerset Terrace LIHTC Somerset, KY
Profile last updated · Data vintage: HUD LIHTC 2024
Somerset Terrace is a Low-Income Housing Tax Credit (LIHTC) community in Somerset, KY with 24 units. Rents are set relative to household income.
24
total units
—
occupancy
—
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | James St., Somerset, KY 42502 Map → |
| Tax-credit (LI) units | 24 |
| Placed in service | 1993 |
How to apply at Somerset Terrace
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at James St., Somerset; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget.
Other subsidized housing in Somerset
- Southern-hines-valley Hm Public Housing
- Sky Hope Recovery Center for Men LIHTC
- Beecher House Apts LIHTCPB Section 8
- Cumberland Manor - Somerset PB Section 8
- Lakeview Estates PB Section 8
- Greystone Manor PB Section 8
- Somerset Village Apartments PB Section 8
- The Moore Complex PB Section 8
- Eagle's Landing Senior Community LIHTC
- Pleasant Hill Square LIHTC
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Somerset Residence §811 | Somerset | 5.5 km |
| Somerset Residence §811 | Somerset | 5.5 km |
| Fox Hill Estates PB Section 8 | Somerset | 6 km |
| Westbrooke Apts. §202 Senior | Somerset | 8.5 km |
| Somer-court Assoc. Dba Plumtree Apartments - Proj. LIHTC | Somerset | 13.6 km |
| University Square Apartments LIHTC | Somerset | 13.6 km |
← All subsidized housing in Somerset
Frequently asked questions
What kind of subsidy does Somerset Terrace have?
Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Somerset Terrace?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Somerset Terrace?
Contact the management office at James St. in Somerset. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.