LEXINGTON, Ky. — Amidst a national backdrop of soaring housing prices and shortages, Lexington is striving to counteract the crisis. With its recent unveiling of The Alcove at Russell, a $46 million affordable housing complex, the city is taking a monumental stride. But some locals wonder if this development is truly within reach for…
LEXINGTON, KY – Real estate in Fayette County is always buzzing, but the first half of 2023 has seen some notable players in the market. LLCs accounted for 395 of 1,584 total property sales, or 24.94% of the market, according to the Fayette PVA. Here’s a breakdown of the top property purchasers in Fayette County…
Lexington, KY – The short-term rental market in Lexington, Kentucky, is not only showing signs of strain but also exhibits a concerning ratio of short-term rental listings to available housing inventory, mirroring concerns raised by housing consultant Nick Gerli in a viral tweet thread about the Airbnb market in some American cities like Austin,…
Lexington, Ky.–A homeless woman has filed a lawsuit against the Lexington Police Department, CHI Saint Joseph Health and others, after her arrest while at Saint Joseph East’s emergency department. During a March 2022 hospital stay, police were called and Trapp was dismissed and urged to leave the hospital multiple times. Trapp eventually left the…
Lexington, Ky.–Lexington’s affordable housing fund could see a significant increase in funding. The Lexington-Fayette Urban County Council Budget, Finance and Economic Development Committee voted 8-1 Tuesday in favor of setting aside 1% of the city’s revenues for the program, as well as allocating $750,000 for homelessness. The fund, which has either preserved or created…