January 10, 2024 | By Shepherd Snyder A $2.8 million sale between Transylvania University and a group of Lexington banks will transform the school’s baseball field into an affordable housing development. The 12.5 acre development will include both rental and owned properties for families making 30 to 80 percent of the city’s median income. The university plans to close the sale of Marquard Field to a group including Central Bank, Community Trust Bank, Republic Bank & Trust, Stock Yards Bank and Traditional Bank. The group has created a $3 million revolving fund to support affordable housing development throughout the city. Brien Lewis is President of Transylvania University. He says the downtown project would help residents stay in the city, and closer to their workplaces. “There's a lot of challenges to finding affordable housing,” Lewis said. “And it's not just the housing itself. If you have to be farther out, then you've got more transportation costs, and so on. So we see this as something that will certainly benefit the Transylvania community, but obviously, much more, the Lexington community.” Housing development groups include Habitat for Humanity, AU Associates, Urban League of Lexington and Winterwood. They’re being joined by Commerce Lexington, Lexington for Everyone and the Building Industry Association of Central Kentucky to create a development plan. Darryl Neher is the CEO of Lexington Habitat for Humanity. He says the development will help ease the rising cost of living for low-income families. “What we're experiencing here is not unlike what's happening across the country,” Neher said. “Post COVID, we've seen housing prices increase as much as 40 percent. Since the beginning of COVID, we're also seeing cost of construction increase, we're seeing interest rates increase, we're seeing rents increase. And so all of these pressures are putting our most vulnerable at risk.” Ground is expected to break on the project in the summer of 2025. The Transylvania Pioneers have been playing at Counter Clocks Field, home of Minor League Baseball’s Lexington Counter Clocks, since 2019. Click here to read the full story.

Yesterday was a huge event and milestone for AU Associates as we cut the ribbon on our largest affordable housing project ever and the largest in Lexington in over 20 years. I can't begin to thank our amazing team enough for the hard work to bring these 252 units of affordable housing to fruition. We've already moved in our first 60 families to a development with market rate amenities at affordable prices! View our press coverage at the following links: https://www.wtvq.com/more-affordable-housing-units-open-in-northern-lexington/ https://www.wkyt.com/2023/09/26/ribbon-cut-another-affordable-housing-complex-lexington/

AU Associates is proud to announce the opening of our NEW 24-unit affordable housing complex for seniors 55 and older located out on Polo Club Lane. This is a huge victory for affordable housing community and for seniors in the Lexington area! Click here to read the full story.

Pictured above: Digital rendering of the Loganwood Apartment complex. LOGAN - In addition to the annual Veterans Day Parade and Ceremony, the Logan community veterans will also be honored with the official groundbreaking of the new Loganwood housing complex on Friday. Following the events of Veterans days, the long-awaited groundbreaking ceremony of the Loganwood Apartments complex will be held at 2 p.m. The construction of Loganwood will provide 33 affordable, family apartments with a preference for income-eligible veterans in need of housing. The apartments will be available in one and two-bedroom options. The developer building the structure will be AU Associates, Inc., the same firm that built the Logan Landing Apartments on the east end of Stratton Street four years ago. Officials from the Logan Housing Corporation, the City of Logan, AU Associates, and the other funding partners will be on hand to celebrate Friday's groundbreaking. The groundbreaking will take place at 314 Hudgins Street, Logan, located just past the Logan Post Office. A complete report on Loganwood and the groundbreaking will be included Nov. 16th edition of The Logan Banner.

Mayor Linda Gorton and Councilmember Josh McCurn today joined developers and contractors to break ground on a new $43 million affordable housing project with 252 apartments.

Glade View Townhomes is the latest project by AU Associates for affordable housing in West Virginia and Kentucky. It features 33 units with one, two and three-bedroom options.

Lexington, Ky (WKYT) - City officials celebrated the grand opening of a new senior living community in Lexington Friday morning.

August 10, 2020 | by Mario Anderson LEXINGTON, KY. — Monday was the first ribbon-cutting ceremony that the City of Lexington government leaders participated in since March 6. That date, was when the first COVID-19 case was reported in Kentucky. Monday morning, Lexington Mayor Linda Gorton and others gathered to announce details about the city’s latest […]

August 10, 2020 | by Steve Rogers LEXINGTON, Ky. (WTVQ) – Lexington added 71 new senior-living apartments to its list of affordable housing Monday. Mayor Linda Gorton and Councilmember Josh McCurn cut the ribbon to officially open the apartments for independent senior citizens in Meadowthorpe Landing at 1447 Antique Drive. “Our city needs more affordable housing, […]