Georgetown Street

Ash St And Glen Arbin, Lexington, KY 40508

Waiting List Forecast: Closed

check_circleVerified for 2022 by Lorena Bentley, Joshua Cappell
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 Properties, 1, 2, 3 and 4-Bedroom Waiting List

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

Georgetown Street (located at 605 - 639 Georgetown St.) (23 units)

Dave's Thoughts On Georgetown Street

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 Georgetown Street 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Georgetown Street

*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 Georgetown Street

Does Georgetown Street have a waiting list?

Georgetown Street has a waiting list. See above for waiting list details.

Are rents subsidized at Georgetown Street?

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 Georgetown Street, how many other affordable housing properties (and units) are there in Lexington?

In addition to Georgetown Street, 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 Georgetown Street

Hamburg Senior Residence

1601 Villa Medici Pass, Lexington, Kentucky 40509

bed 1-2
payment $632-931/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Gleneagles Apartments

2920 Polo Club Blvd., Lexington, Kentucky 40509

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

First Presbyterian Church Apartments

179 Market St, Lexington, Kentucky 40507

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Trent Senior Village

1393 Trent Boulevard , Lexington, Kentucky 40517

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Parkside III Apartments

1060 Cross Keys Rd, Lexington, Kentucky 40504

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Derbytowne Apartments, Inc

321 Bainbridge Drive, Lexington, Kentucky 40509

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

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