This property is currently under construction.
The project began construction in February 2019 and is expected to be completed Summer of 2020.
Victory Point Town Homes and Apartments are the new construction and the historic rehabilitation of 50 units of affordable family housing for homeless veterans and their families. The project is rehabing vacant historic buildings on the Leestown VA Hospital campus in Lexington, KY into 26 units. The project will also build 24 units of newly constructed town homes on site. The project began construction in February 2019 and is expected to be completed Summer of 2020.
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.
Victory Point Town Homes and Apartments is managed by AU Associates.