Homeownership


This program was established to provide an opportunity for low and moderate-income families to purchase homes who ordinarily could not afford to buy them.  Currently homeownership opportunities are available in the Equestrian View Subdivision (located off 3rd Street at Shropshire near downtown Lexington).

The new Equestrian View Subdivision will consist of 102 single-family homes that will cost between $100,000 and $120,000.  The Lexington Housing Authority (LHA) has sold lots to pre-qualified homebuilders for the development of 93 affordable homes and nine market rate homes.    The nine market rate homes will be sold to purchasers earning greater than 80% of AMI.  Potential homebuyers must be income and mortgage eligible, with eligibility being determined by the mortgage lenders.  There is no requirement that a potential buyer be a first-time homeowner.  The 2010 AMI for Fayette County is $65,500.  Please contact REACH at 859.455.8057 to get more information.

 
                        Median Income $67,800

 Income Guidelines

 Household

Size

 Low Income

Limits (80%)

1 Person

 $37,450 

2 Persons

 $42,800

3 Persons

 $48,150

4 Persons

 $53,500

5 Persons

 $57,800

6 Persons

 $62,100

7 Persons

 $66,350

8 Persons

 $70,650