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A new report from the National Low Income Housing Coalition details the hourly wages renters in Kentucky and across the U.S. need to make to afford housing. Data available by zip code.
Average rent for apartments in Lexington is $1,162, apartment listing service RentCafe reports, and 46% of units are listed in the $1,001 to $1,500 range. The $701 to $1,000 range is also popular ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Typically, the project owner will agree to a higher percentage of low income usage than these minimums, up to 100%. [10] Low-income tenants can be charged a maximum rent of 30% of the maximum eligible income, which is 60% of the area's median income adjusted for household size as determined by HUD.
For more than 15 years I worked at the Lexington Fair Housing Council (now Kentucky Fair Housing Council) and assisted individuals who faced housing discrimination because of their race, color ...
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