1050 Russell Cave Rd, Lexington, KY 40505
Waiting List Forecast: Closed
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Northwest Lexington Properties, 1, 2, 3 and 4-Bedroom Waiting List
The Lexington-Fayette Urban County Housing Authority (LHA) last accepted Self-Sufficiency Public Housing waiting list applications for 1, 2, 3 and 4-Bedroom apartments at Northwest Lexington Properties from May 20, 2024, until June 28, 2024. There is no notice when this waiting list will reopen.
Please note: "In addition to the requirements for all General Public Housing programs, the Self-Sufficiency program requires that the head-of-household or spouse/co-head-of-household must demonstrate he/she has been working for at least 37.5 hours per week for Self-Sufficiency I, or 20 hours per week for Self Sufficiency II. The work requirement is demonstrated by verification of continuous (uninterrupted) employment over the 3 months prior to the eligibility certification or signing a lease for a Self-Sufficiency site. *Elderly and disabled persons who meet all of the Self-Sufficiency Housing requirements with the exception of the work requirement may also be eligible for these units."
Preferences
Preferences have not been confirmed.
Selection Process
It was not known how applicants were placed on the waiting list.
Application Method
To apply while the waitlist was open, applicants were require to complete the online application.
For more information, visit the LHA website.
Sources: This information was verified by the LHA public notice on May 20, 2024.
Go to the public housing authority page for this waiting list >>
Russell Cave (located at 1050 Russell Cave Rd.) (26 units)
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC programonly provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Russell Cave has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. Records show this property may have been recently associated with the Public Housing program, which means it could have a new RAD Section 8 Project-Based Rental Assistance contract. LIHTC properties tend to have shorter waiting lists however, since this property may have a project-based subsidy, the waiting list may be much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, if this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher cannot be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a possibly longer waiting list if this is indeed a RAD property.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,800 / year | $21,450 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 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 |
| 80% AMI for PBRA Units | $50,050 / year | $57,200 / year | $64,350 / year | $71,450 / year | $77,200 / year | $82,900 / year | $88,600 / year | $94,350 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Russell Cave have a waiting list?
Russell Cave has a waiting list. See above for waiting list details.
Are rents subsidized at Russell Cave?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Russell Cave, how many other affordable housing properties (and units) are there in Lexington?
In addition to Russell Cave, 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.
1601 Villa Medici Pass, Lexington, Kentucky 40509
179 Market St, Lexington, Kentucky 40507
Looking for landlords who will take a Section 8 voucher?
Ask your housing authority if they have a list of landlords who accept Section 8 Housing Choice Vouchers.Montana Love says:
"This is the greatest website I have ever used. It keeps you informed and updated on any place that has affordable housing. Thank you Affordable Housing Online!"