Kentucky

Tax credit apartments in Lexington, KY

HUD's database lists 41 properties in Lexington built or rehabbed with low-income housing tax credits: 1,801 apartments, 1,800 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

1261 Atokad Park

1261 Atokad Park, Lexington, KY 40517

Apartments: 3
Income-restricted: 3
Placed in service: 1993

12th Street Hope VI Apartments

12th St, Lexington, KY 40405

26 1BR, 4 2BR, 10 3BR

Apartments: 40
Income-restricted: 40
Placed in service: 2004

411 N Upper St

411 N Upper St, Lexington, KY 40508

Apartments: 4
Income-restricted: 4
Placed in service: 1991

Ballard Apartments

Ballard Street, Lexington, KY 40508

HUD lists it as senior housing · 132 1BR

Apartments: 134
Income-restricted: 134
Placed in service: 2020

Bluegrass Aspendale III

East 6th Street, Lexington, KY 40505

4 1BR, 7 2BR, 5 3BR, 3 4BR

Apartments: 19
Income-restricted: 19
Placed in service: 2008

Bluegrass Aspendale Iii-a

E. 6th Street, Lexington, KY 40508

16 1BR, 15 2BR, 8 3BR, 2 4BR

Apartments: 41
Income-restricted: 41
Placed in service: 2008

Bluegrass Phase II Development

E. Sixth St., Lexington, KY 40505

2 1BR, 12 2BR, 8 3BR, 2 4BR

Apartments: 24
Income-restricted: 24
Placed in service: 2007

Bluegrass Phase IV Apartments

East 6th Street, Lexington, KY 40505

36 1BR, 36 2BR, 16 3BR

Apartments: 88
Income-restricted: 88
Placed in service: 2010

Davis Park View

De Roode Street, Lexington, KY 40508

12 2BR, 1 3BR, 1 4BR

Apartments: 14
Income-restricted: 14
Placed in service: 2015

Derbytowne Apartments, Phase II

Bainbridge Dr., Lexington, KY 40509

20 2BR, 4 3BR

Apartments: 24
Income-restricted: 24
Placed in service: 1996

Derbytowne Apartments, Phase III

Bainbridge Dr., Lexington, KY 40509

HUD lists it as senior housing · 14 2BR, 2 3BR

Apartments: 16
Income-restricted: 16
Placed in service: 1996

Dmc Construction Com Housing

Lexington, KY

Apartments: 72
Income-restricted: 72
Placed in service: 1992

Elm Tree Lane Apartments

Elm Tree Ln., Lexington, KY 40507

HUD lists it as senior housing · 17 1BR

Apartments: 17
Income-restricted: 17
Placed in service: 2002

Falcon Crest Apartments - Lexington

Centre Parkway, Lexington, KY 40517

72 3BR

Apartments: 72
Income-restricted: 72
Placed in service: 2009

Ferrill Square Apartments

Price Rd., Lexington, KY 40508

HUD lists it as senior housing · 59 1BR

Apartments: 59
Income-restricted: 59
Placed in service: 1999

First Presbyterian Church Apartments

Market Street, Lexington, KY 40507

2 1BR, 7 2BR, 1 4BR

Apartments: 10
Income-restricted: 10
Placed in service: 2009

Georgetown Street Hope VI Apartments

Ash St., Lexington, KY 40508

10 2BR, 7 3BR

Apartments: 17
Income-restricted: 17
Placed in service: 2004

Gleneagles Apartments

Polo Club Blvd., Lexington, KY 40509

32 1BR, 96 2BR, 56 3BR

Apartments: 184
Income-restricted: 184
Placed in service: 2007

Grand Oaks - Bluegrass V

Thoroughbred Way, Lexington, KY 40505

36 1BR, 36 2BR, 16 3BR

Apartments: 88
Income-restricted: 88
Placed in service: 2010

Hamburg Senior Residence

Villa Medici Pass, Lexington, KY 40509

HUD lists it as senior housing · 24 1BR, 38 2BR

Apartments: 62
Income-restricted: 62
Placed in service: 2012

Hillrise Place - Fka Shepherd's Place

Hillrise Ct., Lexington, KY 40504

1 1BR, 39 4BR

Apartments: 40
Income-restricted: 40
Placed in service: 2001

Hope Center For Women

Versailles Rd., Lexington, KY 40504

34 4BR

Apartments: 34
Income-restricted: 34
Placed in service: 2001

Hope Center Permanent Housing

West Louden, Lexington, KY 40508

48 4BR

Apartments: 48
Income-restricted: 48
Placed in service: 2019

Independence Homes

Rogers Road, Lexington, KY 40505

24 4BR

Apartments: 24
Income-restricted: 24
Placed in service: 2021

Kcadv Homes Lexington

Mackenzie Lane, Lexington, KY 40509

2 1BR, 18 2BR, 4 3BR

Apartments: 24
Income-restricted: 24
Placed in service: 2017

Lexington Single Family Project

Chiles Avenue, Lexington, KY 40508

34 3BR

Apartments: 34
Income-restricted: 34
Placed in service: 2005

Parkside

Cross Keys Road, Lexington, KY 40504

12 1BR, 16 2BR, 8 3BR

Apartments: 36
Income-restricted: 36
Placed in service: 2012

Parkside III

1044-1048 Cross Keys Road, Lexington, KY 40504

9 1BR, 19 2BR, 8 3BR

Apartments: 36
Income-restricted: 36
Placed in service: 2018

Polo Club Park Apartments

Polo Club Lane, Lexington, KY 40509

HUD lists it as senior housing · 13 1BR, 11 2BR

Apartments: 24
Income-restricted: 24
Placed in service: 2022

Russell Cave Hope VI

Russell Cave Rd., Lexington, KY 40505

16 1BR, 10 3BR

Apartments: 26
Income-restricted: 26
Placed in service: 2005

Russell School Apartments

West Fifth Street, Lexington, KY 40508

HUD lists it as senior housing · 27 1BR

Apartments: 27
Income-restricted: 27
Placed in service: 2012

Salem Village Apartments

Winburn Drive, Lexington, KY 40511

24 1BR, 15 2BR

Apartments: 39
Income-restricted: 39
Placed in service: 2013

Serenity Place

Versailles Rd., Lexington, KY 40504

20 2BR, 20 3BR

Apartments: 40
Income-restricted: 40
Placed in service: 2001

Shropshire Apartments

Shropshire Ave., Lexington, KY 40508

8 1BR, 12 2BR, 10 3BR, 2 4BR

Apartments: 32
Income-restricted: 32
Placed in service: 2005

St. James Place, II

Deweese St., Lexington, KY 40507

38 4BR

Apartments: 38
Income-restricted: 38
Placed in service: 2006

Stonewall Terrace

1810, 1820, 1853, 1865, 1877 Hill Rise Drive, Lexington, KY 40504

26 1BR

Apartments: 26
Income-restricted: 26
Placed in service: 2022

Sugar Mill Hope VI Apartments

Versailles Road, Lexington, KY 40404

12 1BR, 41 2BR, 8 3BR

Apartments: 61
Income-restricted: 60
Placed in service: 2004

The Oasis At Kearney Creek

Meadowsweet Lane, Lexington, KY 40511

HUD lists it as senior housing · 72 1BR, 24 2BR

Apartments: 96
Income-restricted: 96
Placed in service: 2021

Trent Senior Village

Trent Boulevard, Lexington, KY 40517

HUD lists it as senior housing · 41 1BR, 13 2BR

Apartments: 54
Income-restricted: 54
Placed in service: 2016

Victory Point Apartments And Townhomes (F.k.a. Leestown Va Housing)

Opportunity Way, Lexington, KY 40511

6 1BR, 13 2BR, 13 3BR, 18 4BR

Apartments: 50
Income-restricted: 50
Placed in service: 2020

Virginia Place Phase II

Horsemans Lane, Lexington, KY 40504

16 2BR, 8 3BR

Apartments: 24
Income-restricted: 24
Placed in service: 2006

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.