Local/Regional News
3:02 pm
Mon March 26, 2012

Group Continues Push For Affordable Housing Trust Fund

LEXINGTON, Ky. - A group that supports the creation of an Affordable Housing Trust Fund is rallying tonight in Lexington. The organization hopes to sway city leaders to get behind the idea.

BUILD, or Building a United Interfaith Lexington Through Direct Action, a group comprised of 17 area congregations, has been pushing for an Affordable Housing Trust Fund for years now. The trust funds are dedicated sources of revenue meant to help low and moderate income citizens attain affordable housing. Pastor Adam Jones is with BUILD.

"Lexington is in the midst of an affordable housing crisis. A study by the Central Kentucky Homelessness and Housing Initiative showed that 45% of our renter households in Lexington pay more than 30% of their household income for rent. That's unacceptable," says Pastor Adam Jones with BUILD.

An Affordable Housing Task Force has drafted a trust fund ordinance, which Jones hopes will come up for a vote this year. A spokesperson for Mayor Gray’s office says the mayor supports affordable housing and recognizes the need, but he does not support a tax increase.