Affordable Housing Hub
Low Income (LIHTC)Waitlist Open

Russell School Apartments

WEST FIFTH STREET, Lexington, KY, 40508

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

Russell School Apartments comprises 27 one-bedroom units serving elderly residents in Lexington, Kentucky. The property, placed in service in 2012, operates as a low-income housing community and is non-profit owned. The development utilizes 9% Low-Income Housing Tax Credits to support its affordable housing mission.

Waitlist Information

Waitlist managed by Housing Authority of Lexington

Public Housing Waitlist
Open
Apply: Online

Wait list is open for ONE (1) bedroom units at the Ballard and Connie Griffith Apartments for elderly persons (62 years of age or older) households.

Last verified February 18, 2026
Section 8 (HCV) Waitlist
Closed

The LHA Section 8 waiting list is currently closed.

Last verified February 17, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
27
1 Bedroom
27

HUD Inspection Score

97
Excellent
Inspected October 2015

HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.

Fair Market Rent - Fayette County, KY

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$802
1 Bedroom$983
2 Bedroom$1,177
3 Bedroom$1,599
4 Bedroom$1,807

Income Limits - Fayette County, KY

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$15,900
Very Low (50%)
$26,450
Low (80%)
$42,300
2 Persons
Extremely Low (30%)
$18,150
Very Low (50%)
$30,200
Low (80%)
$48,350
3 Persons
Extremely Low (30%)
$21,960
Very Low (50%)
$34,000
Low (80%)
$54,400
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$37,750
Low (80%)
$60,400
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$40,800
Low (80%)
$65,250
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$43,800
Low (80%)
$70,100
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$46,850
Low (80%)
$74,900
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$49,850
Low (80%)
$79,750

Tax Credit Program Details

Year Placed in Service
2012
LIHTC Credit Type
9%
Low-Income Units
27 / 27
Target Population
Elderly
Designations
Non-ProfitQualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Lexington, KY?+

The Fair Market Rent (FMR) for Fayette County, KY is: $802 (Studio), $983 (1BR), $1177 (2BR), $1599 (3BR), $1807 (4BR). Actual rent at subsidized properties like Russell School Apartments is typically 30% of household income or less.

What size apartments are available at Russell School Apartments?+

Russell School Apartments offers the following unit types: 27 One-Bedroom units, for a total of 27 units.

Is there a waitlist for Russell School Apartments?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

What are the income limits for affordable housing in Fayette County, KY?+

For a 4-person household in Fayette County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,750, Low Income (80% AMI): $60,400. These limits are set by HUD and updated annually.

How do I apply for housing at Russell School Apartments?+

Russell School Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

What is the price range for apartments in Lexington, KY?+

Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $983. Actual rent at Russell School Apartments may be lower for income-eligible households.

What is the HUD inspection score for Russell School Apartments?+

Russell School Apartments has a HUD inspection score of 97 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.

Who manages Russell School Apartments?+

Russell School Apartments is managed by . You can reach them at .

Who is eligible to live at Russell School Apartments?+

Russell School Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

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Contact Information

Walk Score

Somewhat Walkable

60
Walk
40
Transit
93
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Fayette County, KY

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Housing Resources in Lexington, KY

HUD-Approved Counseling Agencies

APPRISEN - LEXINGTON

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingFinancial Management/Budget Counseling

COMMUNITY VENTURES CORPORATION

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

REACH, INC.

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops