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News/Events

Kentucky Housing Corporation Announces Latest HOME/AHTF Funding

For Immediate Release

Contact:  Charla Jackson Peter

March 18, 2010

(502) 564-7630, ext. 454

Kentucky Housing Corporation Announces Latest HOME/AHTF Funding
January 2010 HOME/AHTF Competitive Funding Round

Kentucky Housing Corporation (KHC) has announced the latest round of funding from the Affordable Housing Trust Fund (AHTF) and the HOME Investment Partnerships (HOME) Program.  Seventeen recipients around the state will receive a total of over $7.3 million to fund homeownership development projects in their communities and produce or preserve approximately 173 units of affordable housing. 

Beattyville Housing and Development Corporation
Wilma Kelly
Beattyville Housing 2010 Homeowner Project
6 Units
$543,500 HOME
$63,500 AHTF
Service Area:  Lee County 

Bell Whitley Community Action Agency, Inc. (BWCAA)            
Peggy Capps 
BWCAA 2010-2011 Housing Initiatives      
8 Units
$368,000 HOME
$100,000 AHTF
Service Area:  Bell and Whitley Counties 

Community Ventures Corporation (CVC)
Kevin Smith
CVC 2010 CHDO Home Buyer Program
7 Units
$500,000 HOME
$199,500 AHTF
Service Area:  Adair, Anderson, Boone, Bourbon, Boyle, Campbell, Casey, Cumberland, Estill, Franklin, Gallatin, Garrard, Grant, Green, Harrison, Hart, Jessamine, Kenton, Larue, Lincoln, Marion, Mercer, Nicholas, Pendleton, Scott, Taylor, Washington, and Woodford Counties

Daniel Boone Community Action Agency, Inc. (DBCAA)
Mike Buckles
2010 DBCAA Home Buyer/Homeowner Rehabilitation Project    
11 Units
$478,800 HOME
Service Area:  Clay, Jackson, Laurel, and Rockcastle Counties

Federation of Appalachian Housing Enterprise (FAHE), Inc.
Jim King
FAHE 2010 HOME Investment Partnership in Appalachian Kentucky
11 units
$297,000 HOME
$200,000 AHTF
Service Area:  Bath, Breathitt, Carter, Clark, Clay, Elliott, Estill, Fleming, Floyd, Harlan, Jackson, Johnson, Knott, Leslie, Letcher, Madison, Magoffin, McCreary, Menifee, Montgomery, Morgan, Perry, Pike, Rowan, and Wolfe Counties 

Frontier Housing, Inc.
Stacey Epperson
Frontier Housing 2010 Home Buyer Program
26 Units
$500,000 HOME
$200,000 AHTF
Service Area:  Bath, Carter, Elliot, Fleming, Magoffin, Menifee, Montgomery, Morgan, and Rowan Counties

Habitat for Humanity of Metro Louisville
Rob Locke
Homes of Hope 2010
13 Units
$183,000 AHTF
Service Area:  Louisville Metro

Housing Development Alliance
Scott McReynolds
Perry County Home Buyer 2010
12 Units
$500,000 HOME
$200,000 AHTF
Service Area:  Perry County     

Housing Oriented Ministries Established for Service (HOMES), Inc.
Seth Long
HOMES, Inc. 2010 Home Buyer and Owner-Occupied Rehabilitation Project
16 Units
$445,000 HOME
$200,000 AHTF
Service Area:  Knott, Letcher, Floyd, and Pike Counties 

Kentucky Mountain Housing Development Corporation
Donna Harris
Appalachian Homeowner Rehabilitation Project
7 Units
$134,000 AHTF
Service Area:  Clay, Jackson, and Owsley Counties

Kentucky River Foothills Development Corporation
Vicki Jozefowicz
Foothills Affordable New Homeownership Program
8 Units
$600,000 HOME
$100,000 AHTF
Service Area:  Estill and Powell Counties 

Lexington Habitat for Humanity (LHFH)
Rachel Childress
LHFH 2010-2011 Build
16 Units
$160,000 AHTF
Service Area:  Fayette County

Morehead Area Habitat for Humanity
Ezra Dike
Conyers Way Phase I
4 Units
$91,078 AHTF
Service Area:  Rowan County

New Directions Housing Corporation
Joseph Gliessner
n
3 Units
$78,750 AHTF
Service Area:  Jefferson County

Purchase Area Housing Corporation
Tom Meurer
Purchase Area Housing Corporation Scattered Site Housing Revitalization Project
7 Units
$395,000 HOME
$105,000 AHTF
Service Area:  Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall, and McCracken Counties

REACH, Inc.
Chris Ford
First KEY Program
13 Units
$200,000 HOME
Service Area:  Anderson, Bourbon, Clark, Franklin, Garrard, Harrison, Jessamine, Madison, Mercer, Montgomery, Scott, and Woodford Counties

REACH, Inc.
Chris Ford
REACH CHDO Program
5 Units
$500,000 HOME
Service Area:  Anderson, Bourbon, Clark, Franklin, Garrard, Harrison, Jessamine, Madison, Mercer, Montgomery, Scott, and Woodford Counties

The AHTF was established in 1992 by the Kentucky State Legislature to address the critical housing needs of very low-income Kentuckians, including the mentally and physically disabled, and those on the verge of homelessness.  The fund supports developments that assist persons at or below 60 percent of the area median income with a preference to help persons at or below 30 percent of the area median income.

“The need for affordable housing in Kentucky is so great that when the funding round opened in January, it only took a few days before the amount requested had surpassed the amount of funding available,” said KHC Chief Executive Officer Richard L. McQuady.  “KHC is pleased to be working with these partners to provide safe, affordable housing opportunities for Kentuckians.”

The HOME Program was created by the National Affordable Housing Act of 1990 and provides funding for various types of affordable housing production and rehabilitation.  HOME is the largest federal block grant program designed exclusively to create affordable housing for low-income households. 

The HOME Program's flexibility empowers agencies and communities to design and implement programs tailored to their own needs and priorities.  Its emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector.

For more information about the AHTF or HOME Program, contact Kentucky Housing Corporation’s Marilyn Stober Harris toll-free in Kentucky at (800) 633-8896 or (502) 564-7630, extension 253; TTY 711; or e-mail mstober@kyhousing.org.

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Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities. As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation and supportive housing programs for special needs populations.

Kentucky Housing Corporation prohibits discrimination in employment based on race, color, religion, sex, national origin, sexual orientation, gender identity, ancestry, age, disability or veteran status.