Homownership

461 Ash St, Lexington, Kentucky 40508

Homownership Details

• 17 units.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Lexington HUD Rental Assistance Income Qualifications

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,750	$16,850	$20,780	$25,100	$29,420	$33,740	$38,060	$42,380
50%	$24,550	$28,050	$31,550	$35,050	$37,900	$40,700	$43,500	$46,300
80%	$39,300	$44,900	$50,500	$56,100	$60,600	$65,100	$69,600	$74,100

Homownership receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. Market rate units would have no subsidies or income restrictions.

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.

Homownership is managed by Lexington-Fayette Urban County Housing Authority.