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With its latest ribbon-cutting, Lexington has now opened more than 400 affordable housing units so far this year. Gleanings Housing Inc., a local affordable housing non-profit, cut the ribbon on a ...
The vast majority—17, 005 — needs to be affordable units. Because of the shortage, Lexington rents have jumped 47% from 2019 to 2024. Report: Lexington needs 17,000 more affordable housing units.
Under the proposed changes, affordable housing developers can go up to a denser zone, allowing for more compact development. For example, an affordable housing development that would be an R-3 ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Toepfert Apartments (The Flats) Churchill Home (Churchill) Zielinski Apartments (Downtown) Coughlin Apartments (Churchill) Beaudry-Boucher Apartments (South Holyoke) Falcetti Apartments (Churchill) Rosary Towers (The Flats) Murphy Congregate House (Whiting Farms) Seibel Apartments (Highlands) Somerville. Claredon Hill Housing Projects
The last time the city conducted an affordable housing study was in 2014. The study’s findings helped launch Lexington’s affordable housing fund. How much affordable housing does Lexington need?
Park Plaza Apartments is a 202 unit [1] 21 story residential high-rise in Lexington, Kentucky. It is located between Main and Vine Streets at South Limestone, and is adjacent to Phoenix Park. The complex features a 425-space seven story parking structure, with residential units beginning at the eighth floor.
Continue to invest more in affordable housing. Lexington for Everyone advocated for more investment in affordable housing, and the new budget invests more than ever. Lexington has a crisis for ...
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