Independence Homes Apartments, located at 507 Rogers Rd in Lexington, has studio bedroom apartments. Independence Homes Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
This property is currently under construction.
Expected to be completed in April 2020
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Independence Homes is a 24-unit addition to the Bob Brown House for adults with special needs. When completed in April 2020, it will also contain a new, larger kitchen as well as common living and dining areas accessible to residents of both buildings.
Designed for secure, independent living, each apartment combines bedroom and living areas for a studio layout (350-400 SF) opening to a courtyard. Three meals are provided daily in the dining room. There are on-site laundry facilities as well as cable and Wi-Fi internet access in the common areas.
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.
Independence Homes Apartments is managed by The Ezekiel Foundation.