fbpx

During this time, we are taking safety precautions and our staff is working remotely. Please reach out to us with any questions, concerns or inquiries at info@fayettealliance.com, and we will get back to you as soon as possible.

Tag: Affordable Housing

Fayette Alliance Blog Cover

We Support Increasing the Funding for the Affordable Housing Trust Fund

Fayette Alliance joins resolution asking Mayor Gray and the Council to double annual funding to the Affordable Housing Trust Fund The Affordable Housing Trust Fund has made a good start since being created in 2014. Under Rick McQuady’s leadership, the Fund is making steady progress on providing safe affordable housing for working families. However, continued...

Read More

Fayette Alliance Blog Cover

Affordable Housing Fund

LFUCG Urban County Council unanimously voted to more forward with the Affordable Housing Fund and Governing Board. We’ll keep you apprised of any updates to this issue here at fayettealliance.com. Fayette Alliance supports the ordinance creating the Affordable Housing Fund and its Governing Board. Lexington must address its shortage of affordable housing for working families,...

Read More

Fayette Alliance Blog Cover

Presentation on Homelessness and Affordable Housing Program Development

On April 15th, Planning Commissioner, Derek Paulsen, gave a presentation to the Planning Committee of Urban County Council on the next steps to developing a robust program on homelessness and affordable housing. Topics covered in the presentation include an overview of the Homelessness Fund and Affordable Housing Fund; proposed organization and coordination for these two...

Read More

Serving on LFUCG Affordable Housing Trust Fund TaskForce

The Fayette Alliance is serving on the LFUCG Affordable Housing Trust Fund Taskforce to examine funding mechanisms, economic impacts, and program parameters for a potential affordable housing trust fund. Members of the Homebuilders Association, affordable housing, and faith-based groups are also participating on the committee. To learn more about affordable housing trust funds, click here....

Read More

Fayette Alliance Blog Cover

Affordable Housing

There is a shortage of affordable housing in Lexington. According to the U.S. Department of Housing and Urban Development, the cost of an “affordable” home—including taxes, maintenance and other costs—should not exceed 30% of a household’s monthly income. This is particularly alarming since 18.1% of all renter households in Lexington spend more than 50% of...

Read More

House Bill 447

In the Kentucky General Assembly spring 2008 legislative session, House Representative Susan Westrom-Lexington, sponsored House Bill 447 which sought to prohibit local governments and planning commissions from requiring affordable housing in residential developments. While the Fayette Alliance currently supports incentive based strategies to achieve affordable housing, the Alliance opposed House Bill 447 because it undermined...

Read More