What are the income limits to qualify at 501 e liberty st?

As a LIHTC property, 501 e liberty st requires your household income to fall below a set percentage of the Area Median Income (AMI) for the local area. The exact income ceiling isn't recorded here — ask management directly for the current income limit table for your household size.

How long will 501 e liberty st remain affordable housing?

LIHTC properties are required by law to remain affordable for a minimum of 30 years from the date they were placed in service (501 e liberty st was placed in service around 1991, so rent restrictions are secured at least until ~2021). After that period, the owner can choose to exit the program or renew. Ask management about the property's current compliance end date.

501 E LIBERTY ST — Income-Restricted Apartments in Louisville, Kentucky

Neighborhood & Amenities

Walk Score®

88/100• Very Walkable

Transit Score®

53/100• Good Transit

Bike Score®

79/100• Very Bikeable

Walk Score®, Transit Score®, and Bike Score® are trademarks of Walk Score and Redfin.

How Walk Score works

How rent works

What this means for you

This property includes LIHTC tax credit. Rent rules can change by unit, so ask the office which program applies to the apartment you want.

LIHTC: These are income-based apartments with rent limits tied to the local Area Median Income (AMI) — not market-rate rent. Rent limits are set from the local AMI. If this property also has rental assistance, some tenants may pay about 30% of adjusted income.

Services & Accessibility

Wheelchair & Mobility AccessVerify

Not explicitly confirmed. Call ahead to verify elevator availability and doorway widths before applying.

Management & Ownership

Management Company

LOUISVILLE METRO HOUSING AUTHORITY

Property Owner

FRIARY PARTNERS LLC

Multiple

Who can live here

Income-qualified only

Rent-Restricted Units

24 of 24 total

income-restricted tax credit apartments

Rent-Restricted Until

~1991

Minimum 30-year LIHTC legal commitment

How do Tax Credit Apartments work?

501 e liberty st is a Low Income Housing Tax Credit (LIHTC) apartment community in Louisville, Kentucky. LIHTC properties — also called Section 42 housing or tax credit apartments — are income-restricted rentals developed with federal tax credits administered by state Housing Finance Agencies (HFAs). Qualifying residents pay rent based on a percentage of the Area Median Income (AMI) for Louisville. These properties are among the most affordable apartments available without a Section 8 voucher.

To qualify, your total household income must fall at or below the income limit set for this property. Unlike public housing, LIHTC income-restricted apartments are privately managed and require you to apply directly to the property. Rent is fixed at a discounted rate tied to AMI — not to your specific income — so your monthly payment stays predictable.

By law, LIHTC properties must remain rent-restricted for a minimum of 30 years. 501 e liberty st was placed in service around 1991, keeping rents income-restricted at least through ~1991.

Before You Apply

Confirm the age rule and income limit
You must be of qualifying age. Your income must fall within HUD's Area Median Income (AMI) limits for Louisville.
Ask which unit types are actually available
This listing shows historically available units. Ask directly if a unit is open today.
Verify accessibility before paying any fees
If you use a wheelchair or walker, confirm elevator access and doorway widths before submitting a paid application.

Property Standing

✓ HUD Inspection: Good Standing

Last inspection 4/29/2025 · This score means the property meets HUD's highest safety and quality standards.

Did you know?LIHTC properties have specific maximum rent limits based on your income and the local Area Median Income (AMI). Read the full guide

Questions People Ask

What unit types are reported at 501 e liberty st?Open

This record reports: Call for layouts. Availability can change rapidly, so ask management which layouts are currently open and whether any accessible units are available.

How do I contact 501 e liberty st to apply?Open

Use the eligibility checker to see the next step for this listing. Contact details are not shown here, but you can start the process and get your application path from the property page.