The Lexington Housing Assistance Board, Inc. ("LexHAB") was
created by the Town of Lexington and chartered by the State Legislature
(Chap. 521 of November 29, 1983) as a nonprofit housing corporation
"for the purpose of investigating and implementing alternatives for
the provision of and providing affordable housing for persons of low,
moderate and middle income, and others whose needs may be identified
in the Town of Lexington."
LexHAB's rents for leases from LexHAB to individuals are
based on a percentage of household income. The determination of household
income and calculation of rent are based on LexHAB's policies,
as may be modified by applicable regulatory agreements or other applicable
laws, rules and regulations.
As part of the tenant certification process, applicants will
be asked to provide financial and other documentation to validate
their eligibility and determine rent. Applicants will also be asked
to consent to credit and background checks.