Lexington and state government officials plus a private developer cut the ribbon Friday morning on new affordable housing for seniors. Oasis at Kearny Creek is situated off Georgetown Road outside of New Circle Road. Kentucky Housing Corporation’s Molly Tate said the housing represents a permanent home where seniors can age in place. “It’s especially important to us because in order for them to find an affordable home often they have to sacrifice something. They have to sacrifice location, amenities, comfort. And developments like this, they really solve the problem,” said Tate.
AU Associates President Holly Wiedemann said the 96 unit housing complex wouldn’t have been feasible without tax credits through Kentucky Housing. She noted the development firm has plans for land adjacent to the senior housing complex. “And that we’re going to break ground on within the next 60 days for 252 units for of affordable housing for families,” explained Wiedemann.
Mayor Linda Gorton said since 2014, the city has spent more than $18 million in affordable housing while leveraging an additional $284 million. She proposes Lexington use $10 million in federal American Rescue funds to go toward meeting these housing needs. The mayor said 600 affordable units are currently under construction in the central Kentucky community.
