Ballard Towers

Tower Plz, Lexington, KY 40508

Waiting List Forecast: Closed

check_circleVerified for 2022 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Information

Northwest Lexington and Northeast Lexington, General Waiting List

Go to the public housing authority page for this waiting list >>

Ballard-Griffith Towers are two high rise towers - Ballard Towers (134 units) and Connie Griffith Towers(183 units) are for persons 62 and older.

Dave's Thoughts On Ballard Towers

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Ballard Towers does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Ballard Towers

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $31,300 / year $35,750 / year $40,200 / year $44,650 / year $48,250 / year $51,800 / year $55,400 / year $58,950 / year
50% AMI for PBRA Units $31,300 / year $35,750 / year $40,200 / year $44,650 / year $48,250 / year $51,800 / year $55,400 / year $58,950 / year
60% AMI for LIHTC Units $37,560 / year $42,900 / year $48,240 / year $53,580 / year $57,900 / year $62,160 / year $66,480 / year $70,740 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Ballard Towers

Does Ballard Towers have a waiting list?

Ballard Towers has a waiting list. See above for waiting list details.

Are rents subsidized at Ballard Towers?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to Ballard Towers, how many other affordable housing properties (and units) are there in Lexington?

In addition to Ballard Towers, we list 176 other affordable properties in Lexington. Learn about these properties here. Our data research shows that there are a total of 5333 affordable units in Lexington.

Listings Near Ballard Towers

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Parkside III Apartments

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Trent Senior Village

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switch_access_shortcut Short Wait
accessibility Accessible

Derbytowne Apartments, Inc

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switch_access_shortcut Short Wait
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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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