New Hope VI Housing Complex Opens in Lexington
A ribbon-cutting ceremony was held at Sugar Mill Apartment in Lexington, Kentucky, on January 31, 2005. Sugar Mill Apartments is a brand new HOPE VI housing complex that was developed by the Lexington-Fayette Urban County Housing Authority (LHA) as the third rental phase of the Charlotte Court HOPE VI program.
The revitalization project consists of new two story apartment flats with a mix of one, two and three bedroom units totaling 61 units plus a laundry/management office. The units are spacious and have many of the same features of private homes. All of the first floor units are either accessible or adaptable for accessibility. Sugar Mill Apartments replaced a distressed privately owned, non-assisted multifamily housing site containing 142 units.
Development funds for this project totaled $6.7 million and were comprised of a HUD HOPE VI grant, Low-Income Housing Tax Credits from the Kentucky Housing Corporation, HOME Funds from the Lexington-Fayette Urban County Government and a construction loan from National City Bank.
|Content Archived: July 5, 2011|