Office of Affordable Housing

Lexington's Affordable Housing Program was created in 2014 to help create affordable housing for households at or below 80 percent of area median income ($56,100 for a family of four). The program consists of three parts: the Affordable Housing Fund, the Affordable Housing Governing Board and the Office of Affordable Housing.

Apply for funding to create affordable housing

The Lexington Affordable Housing Program offers loans and grants from the Affordable Housing Fund to create affordable housing for those households at or below 80 percent of area median income ($56,100 for a family of four). In order to apply for funding, please follow the steps below:

  1. Review the four following documents:
    program guidelines and eligible activities 
    affordable housing processes
    loan policies
    evaluation criteria   
  2. Contact Rick McQuady in the Office of Affordable Housing at (859) 258-3192 or rmcquady@lexingtonky.gov to discuss your potential project.
  3. Fill out and submit your applicationapplication attachment and application checklist.  

If you are seeking funding from other agencies such as KHC, the Federal Home Loan Bank or LFUCG HOME funds, you may submit applications to those agencies in lieu of the application listed above. All applications must contain a statement of sources and uses; and a 15-year pro forma that is consistent with the information presented to other agencies.

Applications for funding that include a request for housing credits from Kentucky Housing Corporation are accepted throughout the year. All other applications are due on March 1 and Sept. 15 of every year. All applications are reviewed by staff and the Affordable Housing Governing Board.

Upon acceptance of your application and closing is complete, all funding requests must be accompanied with the draw form.

Affordable Housing Fund

The mission of the Affordable Housing Fund is to leverage public investment to preserve, produce, and provide safe, quality, affordable housing. The Affordable Housing Fund was created with an initial allocation of $3 million from Lexington's FY 2014 general fund budget. Annual allocations of at least $2 million were adopted by Ordinance 103-2014. 

Affordable Housing Governing Board

The Affordable Housing Governing Board is charged with establishing policies and procedures, and overseeing the financial and administrative actions of the affordable housing fund. 

Board Members

William Alverson
Lisa Ball
James Brown
Matthew DeMoss
Jeff Fugate
Steve Kay
Paula King
Charles Lanter
Thomas Richards
Harry Richart III
Phil Suiter
Paul Thornsberry
Anthony Wright

Office of Affordable Housing

The Office of Affordable Housing is tasked with managing the day-to-day administration of the fund, and also serves as the point of contact for affordable housing at the City of Lexington.

Other Resources

News

Ribbon-cutting celebrates completion of Parkside affordable housing project

Mayor Jim Gray, Councilmember Peggy Henson and officials with AU Associates, Inc. cut a ribbon today to officially open the final phase of Parkside Apartments.   

Contact