Fayette County

Former director of Kentucky Housing Corp. named city's affordable housing manager

Richard McQuady was with the Ky. Housing Corp. for 23 years before retiring.
Richard McQuady was with the Ky. Housing Corp. for 23 years before retiring.

A former chief executive of the Kentucky Housing Corp. has been named the city's first affordable-housing manager.

Richard McQuady, who worked for 28 years at the Kentucky Housing Corp. before retiring last year, will begin his job in September after the council approves his hire. Earlier this year, the Urban County Council set aside $3 million for affordable housing and $500,000 for homelessness. McQuady will work with an advisory board to propose affordable housing programs and work with partner agencies.

Charlie Lanter, director of the office of homelessness prevention and intervention, began his work with the city in May. Lanter and McQuady will work together to develop a five-year strategic plan and housing needs assessment, according to a news release.

McQuady was chief financial officer, chief program officer and controller before becoming CEO of Kentucky Housing Corp. A resident of Lexington, he has a bachelor's degree in accounting and a master's degree in business administration from Eastern Kentucky University.

McQuady will make $91,946 annually.

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