New affordable housing units open on Maywick View Lane in Lexington
LEXINGTON, Ky. (WTVQ) — New housing units opened Wednesday in Lexington to aid a pressing need in the city.
Mayor Linda Gorton and city officials were on Maywick View Lane to open the new 16-unit housing complex.
The once-condemned buildings will include essentials such as new insulation, plumbing and electrical systems.
“Affordable housing like this is a pressing need in our city. It showcases the potential of revitalizing neglected properties to provide much-needed housing in Lexington,” she said.
The renovation cost more than $745,000 and was financed by both Bluegrass Rental Management and the city’s Affordable Housing Fund.
The city has allocated more than $34 million to help preserve housing in Lexington.
The new apartment rent will cost $700 a month.
