Gleneagles Apartments

2920 Polo Club Blvd., Lexington, Kentucky 40509

Gleneagles Apartments, located at 2920 Polo Club Blvd. in Lexington, has one, two and three bedroom apartments. Gleneagles Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 648 Call for Price
Two Bedroom (2/2) 902 Call for Price
Three Bedroom (3/2) 1145 Call for Price

Gleneagles Apartments Details

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

Property Amenities

  • Fitness Center
  • Pool
  • Garage
  • Lawn Care

Unit Amenities

  • Central Air
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • Washer/Dryer Hookup
  • Vaulted Ceiling
  • Window Coverings
  • Carpet
  • Balconies or Patios Available

Nearby Amenities

  • Close to Business District
  • Close to Public Transportation

About Gleneagles Apartments

Where convenience and luxury meet. Gleneagles has all the amenities you'd expect from a brand new development, including a pool, a partyroom/clubhouse, and a state of the art theater room. Everything you need to live, work and play at an affordable cost.

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 Gleneagles 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

Gleneagles 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.

Gleneagles Apartments is managed by Winterwood Property Management.

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Image of Gleneagles Apartments

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