Guidelines for Determining Eligibility for Lexington Affordable Housing
There are a number of different programs in Lexington that offer Affordable Housing. Some have preferences for those that live or work in Lexington or have family ties to Lexington. Each program applies Income and Asset limits to qualify renters or home buyers.
The following guidelines may be used to determine eligibility levels, but once a level has been determined it is important to contact specific programs to determine availability and specific eligibility criteria for that program.
Programs exist for Low-Income applicants and programs are being developed for applicants with up to 120% of the Area Median Income (AMI) for the Lexington area. Also, programs exist for those up to 80%, 100% and 110% of AMI.
The AMI is set by the Department of Housing and Urban Development (HUD) and is updated each March.