The man who oversees the City of Lexington’s affordable housing program says there continues to be a tremendous need for more units. Affordable Housing Manager Rick McQuady presented an update to a City Council committee last week. In answering a question about how much additional funding could be spent to build affordable units, McQuady said there are some limitations.
“You know I’m just looking at capacity. What we can do. What we can spend. And if it’s five million a year that just keeps on adding up. We depend on other funding sources, we’re not the only funding source. Kentucky Housing Corporation, they need to provide funding. Financial institutions, we’re working with them,” said McQuady.
