Lexington Council Backs Annual Funding for Housing

Jul 2, 2014

Lexington city leaders are moving forward with a plan to help establish more affordable housing.  The first units under a new program could be built next year.

Planning Commissioner Derek Paulsen brought an extensive report before council Tuesday.  In it, he recommends spending two million dollars annually out of the city's housing fund for housing.   Three million dollars is already set aside for housing. 

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.

Tom Martin of the Lexington Herald Leader speaks with Al Blevins, President of the Lexington Bluegrass Association of Realtors about The Central Kentucky housing market.

Extreme Makeover: Home Edition wants to change a family's life in Lexington. The ABC television show known for tearing down and completely rebuilding homes in a matter of days is seeking nominations in the central Kentucky area.