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Lexington has invested $48.3 million into the construction or preservation of affordable housing units in the city in the past decade, creating or revitalizing 3,5000 units, Lexington Mayor Linda ...
LDG Development held a ribbon cutting Tuesday, June 20, 2023, to officially open its 201-unit affordable housing complex off Russell Cave Road in Lexington, Ky., A new city hall, business park and ...
In all, Lexington needs more than 22,549 additional housing units to meet housing demand. The vast majority—17, 005 — needs to be affordable units. Because of the shortage, Lexington rents ...
Lexington also has a workforce housing crisis (sometimes referred to as the “missing middle housing”) for people who make more than was typically considered “affordable housing” but spend ...
Kentucky Housing Corporation was created in 1972 as a state housing finance agency by the General Assembly under the Mae Street Kidd Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development (HUD) for 623 Section 8 New Construction units totaling $1. ...
She said this speaks to the need for more affordable housing in Lexington. She said more money should go towards in Lexington’s budget, which currently allocates $2 million annually.
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