New affordable housing in Lexington

LEXINGTON, Ky. (WTVQ)-  There are now 180 newly remodeled affordable housing units available on Lexington’s northeast side.

Mayor Jim Gray joined Jeremy Ratliff with the Kentucky Housing Corporation and officials with Winterwood Property Management to cut the ribbon at Parkway Manor Apartments on Rogers Road Wednesday.

The Lexington Affordable Housing Program was created in 2014 to help create affordable housing for households at or below 80 percent of area median income.

Since 2012, the city has invested $12.2 million in Affordable Housing Trust Fund dollars with $112 million in investment by private developers.

Over 1,400 affordable housing units have been created or preserved in Lexington since the fund was created in 2012.

A $159,000 pre-development loan through the Affordable Housing Trust Fund was made to Winterwood Property Management to remodel the Parkway Manor Apartments.

 

Categories: Local News

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