Currently more than 2,500 families receive Housing Choice Vouchers (HCV) and over 800 landlords participate in the very popular rental assistance program in Lexington. This program utilizes privately owned rental properties which are leased to voucher holders who pay the greater of $50.00 or 30% of their adjusted income or 10% of gross income, with the Housing Authority paying the balance based on comparable and reasonable rents with other unassisted units in the area. All units must meet Housing Quality Standards and the landlord must be willing to participate in the program. Currently, the HCV waiting list is closed and the application process for Section 8 has been suspended. The HCV program provides assistance for low income families in the private rental market through the Housing Assistance Payments Program.
Housing Choice Voucher participants select a unit from the private rental market. Rental assistance makes market rate housing affordable. Program participants normally pay no more than 30% of monthly adjusted income towards rent and utilities. The Housing Assistance Payment subsidizes the balance of the rent to the property owner.