Russell Cave (located at 1050 Russell Cave Rd.) (26 units)
Waiting List is Closed
Some units at this property are available through Lexington-Fayette Urban County Housing Authority's Northwest Lexington and Northeast Lexington, General Public Housing Waiting List. Learn about this waiting list here.Waiting List is Closed
Some units at this property are available through Lexington-Fayette Urban County Housing Authority's Northwest Lexington and Northeast Lexington, Self-Sufficiency Public Housing Waiting List. Learn about this waiting list here.Waiting List is Closed
Some units at this property are available through Lexington-Fayette Urban County Housing Authority's Northwest Lexington Properties, 1, 2, 3 and 4-Bedroom Public Housing Waiting List. Learn about this waiting list here.Eligibility for Russell Cave
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Lexington but actual income limits may differ for units at Russell Cave.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $18,800 | $21,450 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $31,300 | $35,750 | $40,200 | $44,650 | $48,250 | $51,800 | $55,400 | $58,950 |
| 80% | $50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 | $88,600 | $94,350 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Lexington but actual income limits may differ for units at Russell Cave.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $31,300 | $35,750 | $40,200 | $44,650 | $48,250 | $51,800 | $55,400 | $58,950 |
| Low Income (60%) | $37,560 | $42,900 | $48,240 | $53,580 | $57,900 | $62,160 | $66,480 | $70,740 |
Russell Cave Details
- 26 bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Public Housing
Low-Income Housing Tax Credit (LIHTC)
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.
Public Housing
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Nearby Low Income Apartment Communities like Russell Cave
Gleneagles Apartments
First Presbyterian Church Apartments
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