First Presbyterian Church Apartments

179 Market St, Lexington, Kentucky 40507

First Presbyterian Church Apartments, located at 179 Market St in Lexington, has one and two bedroom apartments. First Presbyterian Church Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

Contact First Presbyterian Church Apartments

Message First Presbyterian Church Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price

First Presbyterian Church Apartments Details

  • 10 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • Library

Unit Amenities

  • Handicapped Accessible
  • Dishwasher
  • Microwave
  • Kitchen Pantry
  • Linen Closets
  • Blinds
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Washer/ Dryer
  • Frost-Free Refrigerator

About First Presbyterian Church Apartments

The First Presbyterian Church Apartments is located at 179-185 Market Street in Lexington, Kentucky. Both buildings are listed on the National Register of Historic Places and underwent a major renovation to preserve the existing 10 affordable residential apartment units in 2009.

This community offers 1 and 2 bedroom apartments. All homes located in the Colonial building are fully accessible with a new elevator that serves all levels. A Community Library located in one of the buildings serves all residents.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Lexington Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Lexington but actual income limits may differ for units at First Presbyterian Church Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
Low Income (60%) $31,320 $35,760 $40,260 $44,700 $48,300 $51,900 $55,440 $59,040

First Presbyterian Church Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

First Presbyterian Church Apartments is managed by AU Associates.

Nearby Low Income Apartment Communities

Hamburg Senior Residence

1601 Villa Medici Pass
Lexington, KY
$556-819
1-2 BR
55+
HCV Welcome

Parkside III Apartments

1060 Cross Keys Rd
Lexington, KY
Call For Rent
1-3 BR
HCV Welcome

Gleneagles Apartments

2920 Polo Club Blvd.
Lexington, KY
Call For Rent
1-3 BR
HCV Welcome

Trent Senior Village

1393 Trent Boulevard
Lexington, KY
Income Based
1-2 BR