Affordable Housing

City Council Acts to Secure Future Funding for Affordable Housing

Aug 20, 2014

Lexington city leaders are moving forward with efforts to fund affordable housing. The city is spending $3 million this fiscal year toward developing affordable units. 

The council Tuesday gave first approval for setting aside $2 million in the next budget. 

Charles Bertram / Lexington Herald-Leader

  On April 11th, Lexington Mayor Jim Gray named the city's first director of the Office of Homelessness Prevention and Intervention, a newly created office. This comes after the announcement earlier this year that $3 million of the city's $13 million surplus would be allotted for affordable housing and 500,000 for homeless initiatives.