Urban County Council to receive affordable housing needs update amid surging rents
Lexington, Ky. — On Tuesday, the Lexington-Fayette Urban County Council will hear a crucial update on the city’s affordable housing needs, as rising rent prices and a growing housing shortage continue to impact low- and middle-income residents. The analysis, conducted by EHI Consultants at a contract cost of $188,000, outlines several pressing concerns and offers recommendations aimed at alleviating the housing crisis. 2024.1009 – LFUCG AHNA Presentation According to the Affordable Housing Needs Analysis (AHNA), Lexington has seen a 47% surge in rent prices from 2019 to 2024, with the median rent now...
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