1060 Cross Keys Rd, Lexington, KY 40504
Waiting List Forecast: Likely Short or None
Verified for 2023 by Ayat Elkarib, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
This project is the third new construction phase of Parkside, which is a LIHTC project placed in service in 2012. The new phase involves 36 units of garden apartments in one, two and three bedroom units. The buildings will complement the contemporary style of the recently built projects. The 36 units will be in three buildings and was completed in June 2018. AU has transformed a once abandoned lot into 36 beautiful affordable family housing units with contemporary style, that includes one, two and three bedroom units. Parkside is now complete with a new playground, and onsite laundry facility.
Because Parkside III Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,300 / year | $35,750 / year | $40,200 / year | $44,650 / year | $48,250 / year | $51,800 / year |
| 50% AMI for PBRA Units | $31,300 / year | $35,750 / year | $40,200 / year | $44,650 / year | $48,250 / year | $51,800 / year |
| 60% AMI for LIHTC Units | $37,560 / year | $42,900 / year | $48,240 / year | $53,580 / year | $57,900 / year | $62,160 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Parkside III Apartments have a waiting list?
Parkside III Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Parkside III Apartments?
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.
What property management company manges Parkside III Apartments?
Parkside III Apartments is managed by AU Associates headquartered in Lexington, KY.
In addition to Parkside III Apartments, how many other affordable housing properties (and units) are there in Lexington?
In addition to Parkside III Apartments, 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.
When was the Parkside III Apartments listing last updated?
Parkside III Apartments listing on Affordable Housing Online was last updated on 01/01/2023 by Ayat Elkarib. Remember, a property's status can change so you should contact the property to confirm.
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