Spending for Affordable Housing: How Lexington-Fayette Urban County, KY Compares to Similar Cities in the U.S.

Abstract

Objectives: The shortage of affordable housing in Lexington-Fayette urban county has become an important policy issue. The analysis in this study is designed to find out does Lexington-Fayette Urban County do better or worse in financing affordable housing for low-income residents. Method: By comparing Lexington-Fayette Urban County with 11 similar cities in U.S., there may reveal options for the Lexington-Fayette Urban County government to improve housing supply financing assistance services, find new funding sources for affordable housing and ensure more low-income residents can find affordable housing. Key finding: Nonprofit housing operations play meaningful roles in addressing the supply of affordable housing in some cities

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